Investing.com - Financial Markets Worldwide

Magnificent 7: Tesla raises prices in Canada, Nvidia shares fall amid Huawei’s AI push

Published 28/04/2025, 09:52
© Reuters.
MSFT
0.57%
GOOGL
2.01%
AAPL
0.90%
AMZN
1.08%
NVDA
-0.79%
TSLA
-1.04%
META
0.50%

Investing.com -- The Magnificent Seven stocks showed mixed performance in premarket trading on Monday. Tesla (NASDAQ:TSLA), one of the prominent members of the group, raised its prices in Canada over the weekend.

The electric vehicle manufacturer also encouraged buyers to purchase EVs imported before the imposition of counter-tariffs on US-made vehicles.

Meanwhile, Nvidia (NASDAQ:NVDA), another member of the Magnificent Seven, saw its shares decline, dropping by 1.6%. This came after a report from The Wall Street Journal revealed that Chinese tech giant Huawei is preparing to test a new and powerful artificial intelligence processor.

Huawei hopes that this new processor can replace some of Nvidia’s products.

In terms of other Magnificent Seven stocks, Tesla saw a slight increase of 0.7%, and Meta (NASDAQ:META)’s shares went up by 0.4%. However, Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) saw a slight dip in their shares, while Alphabet (NASDAQ:GOOGL)’s performance remained unchanged in early trading.

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

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.