Tesla, a prominent member of the Magnificent Seven, experienced a slight uptick in pre-market trading with a 0.7% increase. Over the weekend, the electric vehicle giant announced a price hike in Canada and urged customers to purchase electric vehicles imported before impending tariffs on US-made vehicles take effect.
Conversely, Nvidia’s shares saw a 1.6% decline. This drop followed a report from The Wall Street Journal that revealed Chinese tech giant Huawei is gearing up to test a robust new artificial intelligence processor, potentially challenging some of Nvidia’s offerings.
In other developments within the Magnificent Seven, Meta shares climbed slightly by 0.4%. Meanwhile, shares of Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) experienced minor declines. The stock performance of Alphabet (NASDAQ:GOOGL) remained unchanged during early trading.
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