<p>Affected by the tariff policies of the Trump administration and concerns about a global economic recession, the U.S. stock market has recently experienced severe sell-offs. As of today (April 7), during the early trading session in Asia, U.S. stock futures continued to decline, with Nasdaq futures dropping over 5% at one point, and S&amp;P 500 futures falling nearly 4%. The market capitalization of the technology giants known as the &#34;Magnificent 7&#34; has collectively shrunk, with some individual stocks falling back to levels seen several years ago.</p><h3><strong>Tesla — Dropped to 2020 Levels</strong></h3><p>Due to the impact of tariffs, the market is concerned about its global supply chain and slowing demand, coupled with intensified competition in the electric vehicle industry. Tesla has become the stock with the largest decline among the seven giants. Tesla's current stock price has fallen over 50% from its peak in 2024, closing at $239.43 on the last trading day, and continuing to drop over 8% in after-hours trading, currently reported at $220.35. The corresponding price level dates back to the end of 2020 (a small peak reached after Tesla's surge that year).</p><h3><strong>NVIDIA — Dropped to 2024 Levels</strong></h3><p>Despite strong demand for AI, the market is concerned about the impact of the trade war on chip exports, compounded by the previous shock from deepseek. NVIDIA's current stock price has fallen nearly 40% from its peak in 2024, closing at $94.31 on the last trading day, and continuing to drop over 5% in after-hours trading, currently reported at $89.23. The corresponding price level dates back to April of last year.</p><h3><strong>Apple — Dropped to 2021 Levels</strong></h3><p>The significant impact of bilateral tariffs on Apple's supply chain (the U.S. imposing a 34% tariff on China, with China retaliating with a 34% tariff) has led to weak iPhone demand, and a slowdown in the growth of subscription services like the App Store and Apple Music. The macroeconomic environment, combined with high interest rates, is suppressing consumer spending. Apple's current stock price has fallen nearly 30% from its peak in 2024, closing at $188.38 on the last trading day, and at one point dropping over 6% in after-hours trading, reported at $177.29. The corresponding price can be traced back to the peak level at the end of 2021.</p><h3><strong>Amazon — Dropped to 2020 Levels</strong></h3><p>With tariffs driving up cross-border transportation costs and squeezing profit margins, corporate cloud computing spending has contracted due to economic uncertainty, and competition from Microsoft Azure has intensified. Additionally, emerging platforms like TikTok Shop and Temu are diverting users, leading to a decline in Amazon's market share. Amazon's current stock price has fallen nearly 30% from its peak in 2024, closing at $171.00 on the last trading day, and at one point dropping over 6% in after-hours trading, reported at $160.55. The corresponding price can be traced back to levels seen in August 2020.</p><h3><strong>Google — Dropped to 2021 Levels</strong></h3><p>Economic uncertainty has led advertisers to cut budgets, and YouTube is facing competition from TikTok. AI products like Gemini have not significantly boosted search advertising revenue, while the European Union may impose hefty fines on Google's search business, affecting profit expectations. Google's current stock price has fallen over 30% from its peak in 2024, closing at $145.60 on the last trading day, and at one point dropping 6% in after-hours trading, reported at $137.00. The corresponding price level is from after the third quarter of 2021</p><h3>Microsoft - Dropped to 2023 Levels</h3><p>Despite the robust performance of Azure cloud services, there are market concerns that corporate IT spending may contract due to economic slowdown. Microsoft's current stock price has fallen over 20% from its peak in 2024, closing at $359.84 on the last trading day, and at one point in the after-hours trading today, it dropped over 5% to $341.57. This price corresponds to levels seen in July 2023.</p><h3>Meta - Dropped to 2024 Levels</h3><p>Although Meta has increased its investment in AI, it has not been able to boost performance in the short term. With TikTok capturing market share, Meta's advertising revenue has weakened, and in the short term, Meta also faces pressure from U.S. government antitrust regulations. Meta's current stock price has fallen over 30% from its peak in 2024, closing at $504.73 on the last trading day, and at one point in the after-hours trading today, it dropped over 7% to $468.00. This price corresponds to levels seen before the bull market started at the beginning of last year.</p><p>The Nasdaq has now entered a technical bear market, and if the trade war continues, tech stocks may decline further, requiring investors to be cautious of short-term volatility risks</p>

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<p>Affected by trade wars and concerns about economic recession, the market value of the seven giants of the US stock market has significantly shrunk, with many individual stocks falling to levels seen several years ago. Tesla and NVIDIA led the decline, while Apple, Amazon, and others also saw significant pullbacks. This is mainly influenced by factors such as the impact of US-China tariffs, weak demand, and regulatory pressures. The Nasdaq has entered a technical bear market, and the market is worried that technology stocks may continue to face pressure</p>

- U.S. stock markets are experiencing significant sell-offs due to tariffs imposed by the Trump administration and concerns over a global economic downturn.  
- Major tech companies, known as the "Magnificent 7," have seen their market values decline sharply, with Tesla, Nvidia, Apple, Amazon, Google, Microsoft, and Meta all falling to levels not seen in years.  
- The Nasdaq has entered a technical bear market, and if the trade war continues, further declines in tech stocks may occur, prompting investors to be cautious of short-term volatility risks.

When will the price of Mag7 plummet? Tesla has fallen back to 2020 levels