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Magnificent 7 shares dip in premarket trading, Tesla stands out

Published 28/03/2025, 10:24
© Reuters.
MSFT
0.55%
GOOGL
0.53%
AAPL
0.06%
AMZN
-0.34%
NVDA
-0.14%
TSLA
3.52%
META
-0.30%

Investing.com -- The Magnificent Seven, a group of leading US technology companies, experienced a drop in premarket trading.

Nvidia (NASDAQ:NVDA), a prominent player in the group, is on track to continue its longest losing streak in over a month due to ongoing concerns about demand for AI and the potential impact of the trade war initiated by President Donald Trump on growth.

In the premarket trading, Nvidia saw a decrease of 0.5%, as did Meta (NASDAQ:META). Apple (NASDAQ:AAPL)’s stock went down by 0.7%, while Amazon (NASDAQ:AMZN)’s shares dipped 0.6%. Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) both saw a 0.5% decrease. Contrary to the trend, Tesla (NASDAQ:TSLA)’s stock went up by 0.5%.

The Bloomberg Magnificent 7 index, which tracks these tech giants, has seen a 13% decline year-to-date. The group has also recorded two consecutive sessions of losses.

In related news, The Financial Times has reported that the European Union (EU) plans to impose minimal fines on Apple and Meta. This decision is reportedly taken to avoid escalating tensions with Trump, according to sources familiar with the decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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