Big Tech’s “Magnificent Seven” heads into earnings season reeling from Trump turbulence
- Big Tech's combined market value has dropped by $3.8 trillion, or 22%, since President Trump's inauguration on January 20.
- Nvidia recorded a $5.5 billion charge due to a ban on selling AI chips to China after Trump imposed tariffs affecting the industry.
- Analysts, including Dan Ives from Wedbush Securities, report significant uncertainty for Big Tech due to ongoing trade tensions and regulatory issues under the Trump administration.
75 Articles
75 Articles
Big Tech enters earnings season bruised by Trump administration turmoil
As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago.Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been on a see-sawing ride that has eviscerated trillions of dollars in shareholder wealth amid an onslaught of tariffs and other p…
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What goes up must come down. And what goes down… well, some are hoping they – all seven of them – must go back up again. After serving as the driving force for a blistering market rise in 2023 and 2024, the so-called Magnificent Seven — that’d be Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — have taken an epic stumble in 2025, shedding some $2 trillion in market value. In fact, the once mighty cohort is now trading at levels not …

Big Tech's "Magnificent Seven" heads into earnings season reeling from Trump turbulence
As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House less than 100 days ago.
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In This Article: The "Magnificent Seven" soared through 2023 and 2024, but the elite group of tech stocks has gotten crushed this year as weakening consumer sentiment and President Trump's trade war have sparked fears of a recession. However, another market darling is standing tall. While every…
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