As the US stock market continued to be rocked on Monday, the Magnificent-7 stock grouping is still dropping hard. US President Donald Trump is doubling down on his tariff threats, even threatening further tariffs on those countries who retaliate. On Monday, he said that he would impose an additional 50% tariff on China if the latter doesn’t drop the 34% tariff it sent the US’ way. Multiple Mag-seven stocks, including Apple (AAPL) and Nvidia (NVDA), are impacted negatively by the potential tariff war.
Prior to the Trump tariff announcement, many stocks were already struggling in 2025. Macroeconomic concerns and geopolitical tensions have led many to proceed with caution regarding stocks. That has only been made worse by the presence of new 10% baseline tariffs and a brewing trade war.
Here is how the Magnificent Seven stocks performed over the last five days as of 12pm ET on Monday:
- Apple (AAPL)- $181 (down 18% in five days)
- Nvidia (NVDA)- $98 (down 8% in five days)
- Tesla (TSLA)- $235 (down 9% in five days)
- Amazon (AMZN)- $176 (down 7% in five days)
- Alphabet (GOOGL)- $150 (down 3% in five days)
- Microsoft (MSFT)- $360 (down 3% in five days)
- Meta Platforms (META)- $524 (down 8% in five days)
The latest slide followed cuts in price target for Apple and Tesla shares from one of Wall Street’s most bullish tech analysts, Dan Ives, who warned of a “tariff economic armageddon.” On Monday, Apple, Alphabet, and Microsoft were trading around one-year lows, with the iPhone maker falling 4.8%, while other “Mag 7” members fell between 1.5% and 4.8%.
With the Magnificent-7 stocks shedding $1 trillion in market cap this week, there are two stocks that emerge as potential buying opportunities amid the recent decline. Specifically, the two most promising Magnificnet Seven stocks are Microsoft (MSFT) and Amazon (AMZN). Down 19% and 25% respectively, they are key opportunities and may not be this cheap for a long time. Both stocks have diversified in recent years and remain leaders in the emerging AI and cloud computing sector that has seen increasing demand throughout 2024.