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Nvidia leads Magnificent Seven's rise in premarket Tuesday trade

Published 08/04/2025, 09:38
© Reuters.
MSFT
0.00%
GOOGL
2.72%
AAPL
0.62%
AMZN
1.40%
NVDA
-0.60%
TSLA
-0.35%
META
1.23%

Investing.com -- Nvidia (NASDAQ:NVDA) is leading in premarket trading gains among the Magnificent Seven. The U.S. equity futures are also witnessing a rebound after experiencing volatility in the cash session, triggered by concerns over potential recession due to President Donald Trump's trade war.

Among the Mag 7 movers, Nvidia recorded a 2.9% increase, Amazon (NASDAQ:AMZN) saw a 2.6% rise, Meta (NASDAQ:META)'s shares went up by 2.1%, Tesla (NASDAQ:TSLA) increased by 1.7%, Alphabet (NASDAQ:GOOGL) rose by 1.6%, and Apple (NASDAQ:AAPL)'s shares increased by 1.2%.

However, Apple's shares have seen a significant drop of 19% over the past three trading days. This marks the largest three-day fall for the iPhone maker since July 2001.

The Bloomberg Magnificent 7 index, which is an equal-weighted measure of the stocks, has seen a 24% drop this year. This follows a 67% rise in 2024.

The index includes some of the biggest tech companies, such as Nvidia, Amazon, Meta, Tesla, Alphabet, and Apple.

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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