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Big Tech’s “Magnificent Seven” heads into earnings season reeling from Trump turbulence

  • Big Tech's stocks have lost $3.8 trillion in value since President Trump's inauguration, representing a 22% drop as of April 20.
  • Nvidia recorded a $5.5 billion charge due to a ban on selling AI chips to China, impacting the company's finances.
  • Tesla reported a 13% decrease in first-quarter car sales, reflecting challenges amid political and economic turmoil.
  • The 'Magnificent Seven' companies are expected to achieve 15% year-over-year earnings growth despite market chaos, significantly higher than other S&P companies.
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WPLG broke the news in Miami, United States on Monday, April 21, 2025.
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