Monday, 21 April, 2025
Big Tech's 'Magnificent Seven' Face $3.8 Trillion Loss Amid Trump-Era Tariffs and Antitrust Scrutiny
The "Magnificent Seven" tech giants—Apple, Microsoft, Nvidia, Amazon, Tesla, Alphabet, and Meta Platforms—have collectively lost $3.8 trillion in market value since President Donald Trump's return to office on January 20, 2025. This 22% decline is attributed to new tariffs, export bans, and revived antitrust actions, including efforts to dismantle Google and challenge Meta's dominance. As earnings season begins, these companies must address investor concerns over disrupted supply chains.
Read full story at Economic Times