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Nvidia, Tesla shares lead Magnificent 7 lower in premarket trade

Published 27/03/2025, 09:52
© Reuters
AAPL
-0.12%
AMZN
0.36%
NVDA
2.25%
TSLA
0.14%
META
1.24%

Investing.com -- Shares of chipmaker Nvidia (NASDAQ:NVDA) led a decline in technology stocks, extending losses into a third consecutive session. The drop was driven by growing concerns about the outlook for spending on artificial intelligence.

Nvidia’s shares fell 1.6% in US premarket trading, adding to a 5.7% fall on Wednesday, and bringing the total weekly decline to 3.4%.

Other tech giants also experienced a downward shift in their share prices. Meta (NASDAQ:META) saw a 0.8% decrease, Apple (NASDAQ:AAPL)’s shares slipped 0.2%, and Amazon (NASDAQ:AMZN)’s shares declined by 0.5%. Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) shares were largely unchanged.

The electric vehicle manufacturer, Tesla (NASDAQ:TSLA), also saw its shares slide by as much as 2.6% after US President Donald Trump imposed a 25% tariff on auto imports.

Tesla’s CEO, Elon Musk, stated that the impact of auto import tariffs on the electric vehicle maker is "significant".

In other news, Meta’s Asia-Pacific chief is stepping down after a decade-long tenure.

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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