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Wall Street’s Magnificent Seven shed $2 trillion since April 2; Nvidia up 25% in 5 days, Tesla biggest loser in 2025

April 12, 2025
Source: livemint.com livemint.com
News Snapshot:
Wall Street's Magnificent Seven: The US tech megacaps have shed nearly $2 trillion since April 2, 2025, when US President Donald Trump announced sweeping reciprocal tariffs on nations worldwide, escalating a potential global trade war. Wall Street's elite "Magnificent Seven" stocks amassed more than $1.5 trillion in market value last week after Trump paused tariffs for 90 days, easing pressure on tech giants that had tumbled earlier in sessions. These seven US tech giants, comprising the elite ‘magnificent seven’ pack, are companies at the forefront of sectors such as artificial intelligence (AI), electric vehicles, cloud computing, and digital services. They...
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