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.
