Intel stock spikes after report of possible US government stake
Investing.com -- The group of stocks known as the Magnificent Seven is experiencing a slight drop in premarket trading on Thursday. In contrast, Nvidia (NASDAQ:NVDA)’s shares are observing a rise in early trading.
In terms of movements among the Magnificent Seven, Nvidia has seen an increase of 0.5%. On the other hand, Alphabet (NASDAQ:GOOGL) and Meta (NASDAQ:META) are experiencing a decrease, albeit less than 0.5%.
Meanwhile, the stocks of Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) remain largely unchanged.
The Bloomberg Magnificent 7 index, which is an equal-weighted measure of these stocks, has seen a decrease of about 13% this year.
This follows a significant increase of 67% in 2024 and a doubling in value in 2023.
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