Trump's latest tariff announcement has sent tremors through the market, triggering a significant sell-off and pushing the Nasdaq-100 (NDX) into a steep decline, with the index dropping 5% on Thursday. The tech-heavy index has suffered broad losses, with 80 of its 100 constituent stocks trading in the red. 

A major contributor to the downturn has been Microchip Technology (NASDAQ:MCHP), whose shares have plummeted 16.9% on the day. Below are the top 10 worst-performing Nasdaq-100 stocks of the day.

No. 10: Atlassian Corporation (NASDAQ:TEAM) -10.8%.

No. 9: AppLovin Corporation (NASDAQ:APP) -10.9%.

No. 8: Starbucks (NASDAQ:SBUX) -11.2%.

No. 7: ON Semiconductor Corporation (NASDAQ:ON) -11.3%.

No. 6: MicroStrategy (NASDAQ:MSTR) -11.5%.

No. 5: Dianmondback Energy (NASDAQ:FANG) -11.8%.

No. 4:Warner Bros. Discovery (NASDAQ:WBD) -12.1%.

No. 3: The Trade Desk (NASDAQ:TTD) -12.3%.

No. 2: Micron Technology (NASDAQ:MU) -14.4%.

No. 1: Microchip Technology (NASDAQ:MCHP) -16.9%.

Prices are reflected as of 2:30 pm EST.

Moreover, see how Seeking Alpha’s quant grades list the 10 above names: TEAM 3.34, APP 3.49, SBUX 3.20, ON 2.64, MSTR 3.32, FANG 3.15, WBD 3.44, TTD 1.39, MU 4.31, and MCHP 1.65.

As the Nasdaq-100 tumbles, so too does Wall Street's fifth-largest exchange-traded fund. The Invesco QQQ Trust ETF (NASDAQ:QQQ), with $299.80B in assets under management, has also fallen by 4.9%. 

Furthermore, see some other Nasdaq-100 (NDX) and Nasdaq Composite (COMP:IND) focused exchange traded funds: (NASDAQ:QQQM), (NYSEARCA:QLD), (NASDAQ:TQQQ), (NYSEARCA:QID), and (NASDAQ:SQQQ).