Apple, Nvidia, Other Mag 7 Stocks Sink as Risk Fears Return After Rally
April 10, 2025
The U.S. megacap technology stocks known as the Magnificent Seven were all falling early in Thursday’s premarket after impressive gains the previous day.
Optimism over the tariff pause might be giving way to some doubts over continued tensions with China. Analysts at Wedbush lowered their price target on Microsoft, citing risks to corporate spending.
“We estimate that 10%-15% (could be conservative) of many cloud and AI initiatives in the US we are tracking in the field could be pushed/slowed down during this period of uncertainty and Microsoft will be front and center in this economic period of uncertainty,” wrote Wedbush analyst Daniel Ives.
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