The epic seven-size grouping is still falling sharply as the US stock market continues to shake on Monday. US President Donald Trump has doubled his tariff threats, even threatening further tariffs on retaliatory countries. On Monday, he said that if the latter does not drop the 34% tariff in the US way, it would impose an additional 50% tariff on China. Several 7 MAG shares, including Apple (AAPL) and Nvidia (NVDA), have been negatively affected by potential tariff wars.
Many stocks were already struggling in 2025 ahead of Trump’s tariff announcement. Macroeconomic concerns and geopolitical tensions have led many to pay attention to stocks. It was only exacerbated by the existence of a new 10% baseline tariff and the brewing trade war.
Here’s how the spectacular seven stocks have been running over the last five days as of 12pm ET.
- Apple (AAPL) – $181 (down 18% over 5 days)
- Nvidia (NVDA) – $98 (down 8% over 5 days)
- Tesla (TSLA) – $235 (down 9% over 5 days)
- Amazon (AMZN) – $176 (7% down over 5 days)
- Alphabet (Googl) – $150 (down 3% over 5 days)
- Microsoft (MSFT) – $360 (down 3% over 5 days)
- Meta Platform (Meta) – $524 (8% down over 5 days)
The latest slide follows a cut in price targets for stocks in one of Wall Street’s most bullish technology analysts, Dan Ives. On Monday, Apple, Alphabet and Microsoft traded their year-on-year lows for about a year, with iPhone makers down 4.8%, while other “Mag 7” members falling between 1.5% and 4.8%.
With the epic seven shares cutting this week’s market capitalization of $1 trillion, there are two stocks that are emerging as potential purchase opportunities amid the recent decline. Specifically, the seven most promising Magnificnet stocks are Microsoft (MSFT) and Amazon (AMZN). A decrease of 19% and 25% respectively, they are important opportunities and may not be that cheap for a long time. Both stocks have diversified in recent years and continue to be leaders in the emerging AI and cloud computing sectors, with demand increasing throughout 2024.
