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

Published 28/04/2025, 09:52
© Reuters.
MSFT
0.42%
GOOGL
2.31%
AAPL
1.20%
AMZN
-0.18%
NVDA
0.82%
TSLA
2.74%
META
0.61%

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.

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