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Tesla and Apple shares lead Magnificent 7 higher in premarket trade

Published 23/04/2025, 09:38
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MSFT
0.23%
GOOGL
2.49%
AAPL
4.24%
AMZN
-0.20%
NVDA
1.07%
TSLA
2.29%
META
0.98%

Investing.com -- Tesla (NASDAQ:TSLA), the electric-vehicle company, saw its shares rise by as much as 5.7% in premarket trading on Wednesday.

This comes after CEO Elon Musk announced his intention to significantly reduce his involvement with the US government and concentrate on Tesla, stating that his work with cryptocurrency DOGE is "mostly done."

In other premarket trading news, Apple shares (NASDAQ:AAPL) increased by 2.7% following a statement from US President Donald Trump. The president indicated that tariffs on China "will come down substantially," which could positively impact the company’s supply chain.

Investors are encouraged to watch Apple suppliers such as Qorvo (NASDAQ:QRVO), Skyworks Solutions (NASDAQ:SWKS), Qualcomm (NASDAQ:QCOM), Broadcom (NASDAQ:AVGO), Cirrus Logic (NASDAQ:CRUS), TSMC, and Micron (NASDAQ:MU).

In addition to Tesla and Apple, other members of the so-called "Magnificent Seven" stocks also saw positive movement in premarket trading.

Nvidia (NASDAQ:NVDA) shares rose by 4.9%, Meta (NASDAQ:META)’s stock increased by 4%, Amazon (NASDAQ:AMZN) saw a 3.9% rise, Alphabet (NASDAQ:GOOGL)’s shares went up by 2.2%, and Microsoft (NASDAQ:MSFT) experienced a 1.8% increase.

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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