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Magnificent Seven shares selloff continues in premarket trading

Published 04/04/2025, 10:22
© Reuters.
MSFT
2.19%
GOOGL
3.12%
AAPL
0.48%
AMZN
-1.46%
NVDA
3.62%
TSLA
2.17%
META
3.51%

Investing.com -- The Magnificent Seven stocks, a group comprised of major tech companies, fell modestly in premarket trading on Friday.

This comes after President Donald Trump enacted the highest American tariffs in 100 years, leading to a sell-off of tech stocks the day prior.

Among the Magnificent Seven, Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN) saw their shares fall less than 1%. Meanwhile, Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA)’s shares were slightly on the rise.

On Thursday, all seven stocks closed with lower values. Apple, one of the companies most susceptible to tariff risks due to its significant manufacturing presence in China, lost more than $300 billion in market value.

Amazon also experienced a significant decrease, with its shares falling 9%, which resulted in nearly $190 billion being wiped off its market value. This marked a significant event for the e-commerce and cloud computing giant, as its market capitalization closed below the $2 trillion mark.

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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