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<ul class="summary-list"><li>Donald Trump's election win boosted tech stocks the next day, with Tesla leading the gains.</li><li>Trump's past policies reshaped tech; his second term may impact Big Tech similarly.</li></ul>It's rare for the stock market to move so clearly on a single event, and when this happens, it often provides valuable signals about the future.When <a target="_blank" class="" href="https://www.businessinsider.com/trump-2024-election-win-5-stats-to-explain-result-2024-11">Donald Trump</a> decisively won the US election this week, the market took off. Some shares gained more than others, particularly in the tech sector.In his first term, Trump took drastic steps that changed the tech landscape. This time may be similar.So what has the stock market told us so far about which <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-presidency-affect-big-tech-2024-11">Big Tech</a> companies might be winners and losers during a Trump second term?For clues on this, Business Insider looked at the two-day performance of many of the largest tech companies by market capitalization. Here's what we found.<h2 id="381c0288-6c9c-4d61-b433-2907e9c5e091">Apple at the bottom</h2><a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-china-tariff-plans-could-cost-apple-2024-11">Apple</a> is at the bottom here. Investors may be concerned that Trump will impose stricter and broader tariffs on China, where most of Apple's iPhones are manufactured."Apple CEO Tim Cook famously got on very well with Trump and successfully excluded Apple products from Chinese tariffs; a potential blanket tariff, however, which Trump has pledged to implement, would hurt badly," tech blogger <a target="_blank" class="" href="https://stratechery.com/2024/president-trump-take-two-big-tech-little-tech-chips-and-hardware-elon-musks-triumph/">Ben Thompson wrote</a> this week in his newsletter Stratechery.To be sure, Apple is not a loser here because its stock still rallied as the whole market jumped after the Trump victory. However, among the stocks BI looked at, it has seen the smallest gains over these two days.TSMC also stands out for its meager performance in this period. The Taiwan-based chipmaker works closely with Apple on iPhone chips. If Trump tariffs send the global supply chain into a spin, that could be bad for TSMC, too. <h2 id="dbcf2173-a94f-494e-9e39-49f315815198">Tesla on top</h2><a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-election-victory-tesla-shares-elon-musk-ev-president-2024-11">Tesla</a> has had the best market performance in this period. CEO <a target="_blank" rel="" class="" href="https://www.businessinsider.com/elon-musk-presidential-election-stakes-2024-11">Elon Musk</a> gave his full support to Trump's second election bid.<a target="_blank" class="" href="https://www.businessinsider.com/trump-praises-elon-musk-a-star-is-born-2024-11">Trump on Wednesday</a> praised <a target="_blank" rel="" class="" href="https://www.businessinsider.com/elon-musk-presidential-election-stakes-2024-11">Musk</a>."We have a new star, a star is born," he told boisterous supporters a few hours before the election was called in his favor. "Elon. He is an amazing guy."BI reporter Ana Altchek previously wrote about the potential benefits of <a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Musk's successful support</a> of Trump. While Trump could pull electric vehicle government incentives, Tesla has already reached scale and makes billions of dollars in profit now, giving it a big potential advantage over other US EV makers.<h2 id="88e27b23-bfe8-4512-8e49-876ade83f9a0">Google gains</h2>Google is somewhat surprising as a big stock gainer in the past two trading days. Trump has criticized the search giant over the years, so his election would seem to be negative for the company. However, Trump could roll back regulations and rules for businesses, which might benefit Google. Parent Alphabet owns autonomous driving company Waymo, which could get a boost, while even small signs of lighter antitrust enforcement might help the company."Self-driving car regulation may be loosened, and investors may hope DOJ pressure could ease," Stefan Slowinski, a BNP Paribas Exane analyst, wrote in a note to investors after Trump's win.<h2 id="129c6728-940b-4ba4-b955-84c2446c0f42">Meta overhang?</h2>Meta shares have not performed that well in this period. Trump is not a fan of Mark Zuckerberg, Meta's CEO. Meta "risks seeing a political overhang emerge," Slowinski wrote."Trump has long expressed personal animosity against Big Tech, which he sees as being in the bag for the Democratic party, and towards Meta in particular, thanks to the money CEO Mark Zuckerberg donated to voting initiatives in 2020 that Trump believes financed Democratic get-out-the-vote operations," Thompson wrote in Stratechery.<h2 id="a95cddcb-34e5-4f71-9e59-c2c38dba5a2e">'Shock absorber for the consumer'</h2>Slowinski highlighted other Big Tech stocks this week in his note to investors. "Amazon may also now see an overhang as 60% Chinese tariffs, as proposed by the President elect, could pressure margins in North America as Amazon reprises its role as 'the shock absorber for the consumer'," the analyst wrote. As for Microsoft, Slowinsky wrote that it "appears the most un-impacted by politics and new policies near term."

Here are Big Tech's winners and losers from Donald Trump's win, according to the market

<ul class="summary-list"><li>US stocks hit record highs as investors cheered Trump's election victory and market gains.</li><li>The Fed cut interest rates, Nvidia replaced Intel in the Dow, and the S&amp;P 500 briefly crossed 6,000.</li></ul>US stocks jumped on Friday to record highs, capping off a monumental week for markets as investors cheered Donald Trump's election victory.It was a big week for the market, and the momentum kept up even after the Dow Jones Industrial Average gained 1,500 points on Wednesday. The S&amp;P 500 briefly cross 6,000 for the first time, while the Dow topped 44,000 during the day, also a first as <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-replace-intel-dow-jones-industrial-average-2024-11">Nvidia replaced Intel</a> in the index. On Thursday, traders had more to cheer with the Federal Reserve cutting interest rates again by 25 basis points. Chair Jerome Powell said the central bank was feeling good about the economy, with more easing on the table, even as <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/surging-treasury-yields-after-trump-win-show-borrowers-may-not-get-relief-2024-11">bond markets repriced</a> this week in anticipation of higher borrowing costs under Trump's second term. At Friday's closing bell, stocks ended with their best weekly gain of 2024, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> jumping about 5%.Bitcoin, meanwhile, was continuing a record-setting run on Friday in the wake of Trump's win, with the token climbing past $76,500. "The Trump rally isn't over with stocks reaching fresh all-time highs as investors look ahead to tax cuts, deregulation. and Made in America policies to power future gains. Market participants are also catching a tailwind from a dovish Federal Reserve," said José Torres, senior economist at Interactive Brokers.Also helping push stocks to record this week were solid earnings, with third-quarter results starting to wrap up.So far, 90% of S&amp;P 500 companies have reported earnings results. According to Fundstrat data, 77% of those companies beat profit estimates by a median of 6%, while 59% beat revenue estimates by a median of 6%.Investors will turn their attention to inflation data next week, with the October consumer price index set to be released on Wednesday and the October producer price index set to be released on Thursday.Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,995.54, up 0.38% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,988.99, up 0.59% (+259.65 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,286.78, up 0.09%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trillion-valuation-donald-trump-election-win-tsla-2024-11">Tesla stock surged 7% to hit a $1 trillion market cap on Friday for the first time since April 2022.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/clean-energy-stocks-short-sellers-trump-us-election-renewables-evs-2024-11">Traders betting against clean-energy stocks have made $1.3 billion since Trump's election win.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/big-tech-winners-losers-trump-election-win-according-to-market-2024-11">Here are mega-cap tech's winners and losers from Trump's election win, according to the stock market.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/trumps-tariffs-threats-world-ceos-thoughts-trade-2024-11">CEOs worldwide are already talking about the potential impact of tariffs on their businesses.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-banked-85-million-profit-trump-president-election-win-2024-11">The Polymarket 'whale' actually made $85 million on his Trump election bet, nearly double than originally thought.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil declined 2.52% to $70.54 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was lower by 2.09% to $74.05 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> dropped 0.40% to $2,695.10 an ounce.</li><li>The 10-year Treasury yield declined 3 basis points to 4.313%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> gained 0.94% to $76,636.</li></ul>

Stock market today: Indexes end the week at records as investors cheer Trump's victory

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Happy Friday! Elections can be stressful, so take some tips from new research on how to lower your blood pressure. <a target="_blank" href="https://www.businessinsider.com/lower-your-blood-pressure-5-minutes-exercise-a-day-study-2024-11">Daily short, intense workouts</a> can be your best bet to fight disease and improve longevity.In today's big story, the Fed <a target="_blank" href="https://www.businessinsider.com/federal-reserve-cuts-interest-rates-quarter-point-powell-inflation-election-2024-11">cutting interest rates yesterday was never really in doubt</a>. What comes next isn't as clear.What's on deck:<ul><li>Markets: Goldman Sachs announced <a target="_blank" href="https://www.businessinsider.com/goldman-sachs-partners-revealed-see-full-list-names-diversity-women-2024-11">its newest class of partners</a>.</li><li>Tech: The stock market is already indicating <a target="_blank" rel="noopener" href="https://www.businessinsider.com/big-tech-winners-losers-trump-election-win-according-to-market-2024-11">winners and losers among Big Tech</a>.</li><li>Business: Hiring experts are predicting <a target="_blank" href="https://www.businessinsider.com/trump-win-affect-job-hiring-trends-and-employer-confidence-2024-11">a "Trump bump" for the jobs market</a>.</li></ul>But first, more relief … for now.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">The Fed's new conundrum</h2><div type="image" title="Jerome Powell on top of stock market chart going down." height="900" width="1800" msid="115090330" hostid="261" sizebytes="70080"></div>Americans got a bit more relief from the Fed, but questions are swirling about what the president-elect means for future plans.The Federal Reserve <a target="_blank" href="https://www.businessinsider.com/federal-reserve-cuts-interest-rates-quarter-point-powell-inflation-election-2024-11">cut interest rates by 25 basis points Thursday</a>, its second-straight reduction since September in a move that was largely expected. Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs <a target="_blank" href="https://www.businessinsider.com/trump-inflation-interest-rates-fed-rate-cuts-fomc-meeting-outlook-2024-11">could slow down the Fed's plans</a>.Economists have said Trump's 10-20% blanket tariff on most imported goods will cause inflation to flare up as producers and importers pass the cost of the tax onto consumers. Prior to the election, Nobel economist Paul Krugman said Trump's tariff plans would result in an "inflationary shock that is bigger than almost anything else you could do through federal policy."It's not just speculation from economists. The market is indicating inflation could lead the Fed to keep borrowing rates high. Treasury yields soared the day after the election, a sign Wall Street sees interest rates staying elevated.Interest-rate traders have also recalibrated their expectations. The chances of a 25-point December rate cut went from 83% at the start of the month down to as much as 63% yesterday following the Fed's announcement, according to the CME FedWatch tool. (It currently stands around 75%.)<div type="image" title="Photo of Donald Trump" height="1279" width="1920" msid="115090327" hostid="261" sizebytes="95086"></div>Still, speculating on what could come from a president-elect is a tricky game.Greg McBride, chief financial analyst at <a target="_blank" href="http://Bankrate.com">Bankrate.com</a>, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference. Powell also emphasized the election won't impact the central bank's near-term actions, McBride added."Until there are policy specifics being passed into law, there is nothing for the Fed to put in their economic models and they won't speculate or assume anything in the interim," McBride wrote via email.There's also the question of whether Trump's tariff would be as inflationary as some fear. During his first term, the former president issued tariffs against China that didn't cause prices to spike.Trump's proposals this time around are much more aggressive, but it's not clear what will actually be put in place."Nobody knows what will be implemented and what is just posturing for negotiation," McBride added.Dominique Lapointe, director of macro strategy for Manulife Investment Management, told Insider Today via email the firm's base case is still a 25-point cut in December. The Fed would change course in reaction to tariffs only if they are official and making an impact, meaning the central bank's policy likely wouldn't change until mid-2025, Lapointe added.One thing that is clear: <a target="_blank" href="https://www.businessinsider.com/powell-wont-resign-federal-reserve-step-down-trump-election-2024-11">Powell's not leaving</a>.When a reporter asked the Fed leader if he would resign if Trump, who has been critical of him, asked him to step down, his response was simple: "No."<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Democrats wished the election was about jobs. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/how-trump-won-election-high-prices-cost-of-living-unemployment-2024-11">Trump's win showed it was about prices</a>.</li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/china-economy-local-government-debt-rescue-trump-us-presidential-election-2024-11">China announced a $1.4 trillion stimulus package</a> to boost its economy on the heels of Trump's election.</li><li>Airbnb reported its earnings. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/airbnb-earnings-shares-most-interesting-things-cohost-2024-11">Here are four highlights</a>.</li><li>Trump said he will divide Russia from China. <a target="_blank" href="https://www.businessinsider.com/donald-trump-plan-divide-china-russia-axis-is-likely-fail-2024-11">It's a tough bromance to break</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/peter-thiel-prediction-correct-election-trump-harris-2024-11">Peter Thiel's 'contrarian'</a> election prediction came true.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="Photo of MAGA hat on exchange desk" height="655" width="1000" msid="115090331" hostid="261" sizebytes="44410"></div><ol><li>Morningstar thinks you should stay the course with your investment plan. Trump's win sent the stock market surging, but that <a target="_blank" href="https://www.businessinsider.com/trump-trade-election-investing-stock-market-strategy-sp500-valuations-morningstar-2024-11">doesn't mean you should rethink your investing strategy</a>, Morningstar Senior US Market Strategist Dave Sekera said. His call for restraint is partly due to how high stock valuations currently are, although he does see opportunity among small-caps.</li><li>The new Goldman execs who just got the call of a lifetime. Goldman Sachs tapped<a target="_blank" href="https://www.businessinsider.com/goldman-sachs-partners-revealed-see-full-list-names-diversity-women-2024-11"> 95 people to join its exclusive partnership</a> on Thursday, a record high under CEO David Solomon. Twenty-six of the new partners are women, a group closely watched after a series of high-profile female partner exits.</li><li>Trump's election might be Citi's saving grace. The bank has spent more than $7.4 billion addressing regulators' concerns, specifically about its data and risk problems. <a target="_blank" href="https://www.businessinsider.com/trump-election-citi-jane-fraser-regulators-frc-occ-2024-11">Donald Trump could ease that pain</a>. The president-elect has signaled he'd cut down on Wall Street oversight, previously pledging he'd eliminate 10 rules for each new one.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Musk and Trump." height="2499" width="3329" msid="115090332" hostid="261" sizebytes="268836"></div><ol><li>How Elon Musk swung Pennsylvania for Trump. The tech tycoon <a target="_blank" href="https://www.businessinsider.com/elon-musk-pennsylvania-america-pac-donald-trump-harris-2024-11">spent millions on the Keystone State</a> to deliver it to Trump, launching a last-minute canvassing effort and untested ground-game techniques. Musk's strategy could usher in a "new era" in campaign spending, one political scientist told BI.</li><li>Big Tech's biggest winners and losers after Trump's victory. Which companies stand to gain the most under a new Trump presidency? BI looked at the two-day stock performance of <a target="_blank" rel="noopener" href="https://www.businessinsider.com/big-tech-winners-losers-trump-election-win-according-to-market-2024-11">many of the largest tech companies to find out</a>.</li><li>Trump's plan to "never ban" TikTok will be tough to fulfill, legal experts say. The former president campaigned on the promise that TikTok would be here to stay. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/donald-trump-block-tiktok-ban-legal-experts-2024-11">But legal experts told BI he's only got two options to try and save it</a> — and neither of them are straightforward.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Image of Walmart sign outside store" height="1280" width="1920" msid="115090336" hostid="261" sizebytes="228442"></div><ol><li>Retail giants prepare for Trump 2.0. Tariffs are the biggest concern for superstores like Walmart, Target, and Costco. If the president-elect follows through on his campaign promises, consumers could foot the bill of high tariffs through higher prices. On the other hand, tax cuts could spur spending — <a target="_blank" href="https://www.businessinsider.com/trump-win-retail-impact-walmart-costco-target-tariffs-tax-cuts-2024-11">but they'd take many months to see results</a>.</li><li>The job market under Trump. Hiring experts expect a "Trump bump" as employers get comfortable posting openings now that the election's outcome is clear. They forecast a postelection hiring rush and <a target="_blank" href="https://www.businessinsider.com/trump-win-affect-job-hiring-trends-and-employer-confidence-2024-11">increased demand in some sectors</a>, particularly tech.</li><li>David Zaslav is optimistic about Trump's effect on Big Media. The Warner Bros. Discovery CEO wanted a president who was more open to M&amp;A, since his company has been eyeing consolidation for a while. A second <a target="_blank" href="https://www.businessinsider.com/wbd-trump-zaslav-consolidation-earnings-2024-11">Trump administration might provide that opportunity</a>, Zaslav said on WBD's earnings call, but it's too early to be certain.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li>The Polymarket 'whale' actually made $85 million, <a target="_blank" href="https://www.businessinsider.com/polymarket-whale-banked-85-million-profit-trump-president-election-win-2024-11">far more than originally thought</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/harris-lost-biden-unpopularity-trump-election-2024-11">Harris couldn't escape</a> Biden's unpopularity.</li><li>Investors accuse the ex-CEO of the company that helped take Trump Media public of <a target="_blank" href="https://www.businessinsider.com/ex-ceo-patrick-orlando-lawsuit-trump-media-investors-shares-2024-11">stiffing them out of millions of shares</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Paramount, Sony, and other companies report earnings.</li><li>Grammy Award nominations are announced.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Ella Hopkins, associate editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty

<ul class="summary-list"><li>A grocery magnate turned robotics leader has had $9 billion wiped off his net worth this year.</li><li>Rick Cohen ranks among the biggest wealth losers after a 41% drop in his personal fortune.</li></ul>A grocery tycoon turned robotics guru has had $9 billion wiped off his net worth after shares of his AI-powered company crashed, making him one of the world's biggest wealth losers this year.Rick Cohen, 72, is the owner and executive chairman of C&amp;S Wholesale Grocers, a food distributor founded by his grandfather. He's turned the family business into the eighth most-valuable private company in America with an estimated value of $35 billion, per Forbes.Cohen is also the founder and CEO of Symbotic, which makes AI-enabled warehouse robots for customers including <a target="_blank" class="" href="https://www.businessinsider.com/walton-family-sam-walmart-stock-billionaires-estate-planning-inheritance-wealth-2024-8">Walmart</a>, and went public via special-purpose acquisition vehicle in the summer of 2022.He was worth $21.4 billion at the start of January. That would put Cohen in 94th spot on the Bloomberg Billionaires Index all else being equal.However, his wealth has plunged by 41% to $12.6 billion this year, pushing him down to 178th place. Only six people on Bloomberg's 500-strong list have suffered bigger hits to their wealth this year, and none rank lower than 77th on the index.They include the world's third-richest person, LVMH CEO <a target="_blank" class="" href="https://www.businessinsider.com/who-is-bernard-arnault-owner-louis-vuitton-lvmh-net-worth">Bernard Arnault</a> (down $10.5 billion), L'Oréal heiress <a target="_blank" class="" href="https://www.businessinsider.com/meet-richest-woman-world-francoise-bettencourt-meyers-loreal-2023-9">Françoise Bettencourt Meyers</a> (down $9.2 billion), and Arnault's archrival, Kering founder <a target="_blank" class="" href="https://www.businessinsider.com/francois-henri-pinault-bio-salma-hayek-kering-gucci-balenciaga-2023-3">François Pinault</a> (down $10.4 billion).It's striking that Cohen has seen a steeper wealth drop than all but a handful of the uber-rich, three of whom are in the top 20 and all of whom have far more money to spare.Cohen's wealth has tanked because the value of his family's roughly 70% stake in Symbotic has plummeted. The stock more than quadrupled last year, from about $12 to more than $50, on the back of the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/ai-stocks-hardware-vs-softare-tech-performace-nvidia-tsmc-broadcom-2024-6">artificial-intelligence boom</a>, and buzz over a contract to implement its robotics and software automation platform across all 42 of Walmart's regional distribution centers.Symbotic shares have crashed by more than 60% this year to below $20 at Friday's close, slashing the company's value to below $10 billion. The latest quarterly earnings revealed construction delays and implementation costs had squeezed profit margins, and spurred Cohen and his team to warn that fixing the issues might temporarily slow revenue growth.Symbotic is also facing a class-action lawsuit claiming it misled the market about its near-term growth prospects and downplayed the risks it faced.The clouded outlook likely explains why Symbotic is trading at a 17-month low, and why Cohen has suffered an extraordinary wealth wipeout this year.Symbotic and Cohen didn't immediately respond to requests for comment from Business Insider made outside normal working hours.

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Here are Big Tech's winners and losers from Donald Trump's win, according to the market

Alistair Barr

Stock market today: Indexes end the week at records as investors cheer Trump's victory

Matthew Fox

Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty

Dan DeFrancesco

A grocery tycoon turned Walmart robotics supplier is one of this year's biggest wealth losers after $9 billion wipeout

Theron Mohamed

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