Magnificent Seven stocks rally as US-China tariff truce sparks tech surge; Amazon leads with 7% jump
By Aditya Bhagchandani Published on May 12, 2025, 19:53 IST
The Magnificent Seven tech stocks—Apple, Microsoft, Amazon, Nvidia, Alphabet (Google), Meta, and Tesla—rallied sharply on Monday as global investors cheered a temporary easing in US-China trade tensions. Following the announcement of a 90-day suspension of steep reciprocal tariffs, the Roundhill Magnificent Seven ETF (MAGS) jumped over 6% in premarket trading, signaling strong optimism across tech giants.
According to a sector heatmap, here's how the Mag 7 stocks performed post-announcement: Amazon (AMZN) : +7.01%
Tesla (TSLA) : +5.58%
Meta (META) : +5.48%
Apple (AAPL) : +4.52%
Nvidia (NVDA) : +4.19%
Google (GOOGL) : +3.2%
Microsoft (MSFT): +0.76%
Investors appear to be pricing in stronger revenue prospects for these companies, many of which have been battered by prolonged geopolitical uncertainty and supply chain constraints. The tech-heavy Nasdaq also surged 3.8%, leading broader market gains after the announcement.
eToro global markets analyst Lale Akoner told Yahoo Finance that the continued monetization of AI investments and upward revisions in capex guidance among several of these firms is adding to the bullish momentum.
Under the new deal, US tariffs on Chinese goods will drop from 145% to 30%, while China is also cutting duties on US imports to 10% from 125%. However, a separate 20% tariff related to fentanyl concerns will remain intact.
With tech stocks back in favor and earnings season still in swing, all eyes are now on inflation prints later this week to determine whether this rally has more room to run.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Android Authority
11 minutes ago
- Android Authority
How to watch Apple's WWDC 2025 keynote address
Aamir Siddiqui / Android Authority TL;DR Monday marks the start of Apple's Worldwide Developers Conference. Apple kicks things things off with its keynote announcement at 1pm ET. The company is streaming the keynote on YouTube, and you can watch right here. This Monday, June 9, Apple is getting set to make some of its biggest announcements of the year. We're only a few weeks removed from Google's own I/O 2025, and now Silicon Valley is getting ready for its next big platform event of the summer. Whether you're an Apple die-hard, or just an Android stan who wants to stay on top of what the other side's up to, tech fans everywhere are going to be interested in tuning in. Let's check out how you can watch! Apple's Worldwide Developers Conference is a week-long event that runs June 9–13. And to kick things off in proper fashion, Apple will get things started with its keynote announcement at 1pm ET. For as nice as it might sound to be hanging out at Apple Park for the news, most of us will have to settle for the livestream, which we've embedded here for your viewing pleasure. One of the bigger announcements we're expecting from Apple this year could involve a wide-reaching rebranding of its software platforms, updating the sequential numbering it's been using for operating system releases to instead reflect a calendar year — basically just like what Samsung did in 2020 when it jumped from the Galaxy S10 to S20 series. Instead of iOS 19, that means Apple's next edition would be iOS 26. Rumors have also identified a few other topics likely to be in the spotlight on Monday. Beyond the big rebranding, we could also see a visual overhaul of the company's design language, not unlike some of what Google's up to with Material 3 Expressive. That may include some significant updates to core iOS apps. Reports have been a little shaky on just what sort of emphasis we can expect to see on Apple Intelligence, but you can sure expect that AI is going to be making its influence felt across much of what the company has to show off this week. Check back here at 1pm ET on Monday to stream the keynote along with us and get the full story on everything new coming to Apple's ecosystem. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.
The Verge
27 minutes ago
- The Verge
Posted Jun 8, 2025 at 2:05 PM EDT 0 Comments
Older Windows handhelds are getting Xbox full-screen upgrades too. If you already bought a Windows gaming handheld, you might not need to upgrade your hardware to get the overhauled Xbox app, Game Bar, and Windows OS that Microsoft and Asus just announced. Xbox exec Roanne Sones:
Digital Trends
37 minutes ago
- Digital Trends
Apple's glass-like software redesign sounds cool, but it isn't exactly new
Apple and its obsession with aesthetics are a well-documented part of its history. At WWDC 2025, the company is going to embark on a fresh design chapter inspired by glass elements. Think transparency and reflections, carried over to the app icons, windows, and widgets on your iPhone's screen. The tablets and desktops, too. Word on the street is that 'glassmorphism' is back. Sebastiaan de With, an ex-Apple designer and the mind behind excellent apps like Kino and Halide, joked that after the WWDC keynote, you can no longer use the word glassmorphism. Recommended Videos Yet, glass is going to be the standout takeaway. Or maybe, we can go with something more elegant, like flowing water. Or the concept of Zen that inspired many at Apple, including co-founder Steve Jobs. 'Simplicity is the ultimate sophistication,' Jobs told his biographer, Walter Isaacson. Apple has already given us a glimpse of its vision for a unified design language, thanks to the namesake OS running on the Vision Pro headset. However, this won't be the first time we're going to see glassmorphism on a mainstream device. What's glassmorphism, by the way? In the simplest terms, glassmorphism is a visual design style that's all about taking inspiration from glass, and specifically, its visual properties such as see-through effects, edge reflections, and depth. When implemented on a digital canvas for apps and windows, we get translucent UI effects and bokeh effects. So, how is Apple implementing it across iOS 26, macOS 26, iPadOS 26, and watchOS 26? 'The new interface elements are called Liquid Glass, and they have the sheen and see-through visuals of a glassy surface,' reports Bloomberg. The idea is to go from a flat 2D design to invoking a sense of 3D depth. 'Design elements look layered—with objects floating in space—and the top layer seems like a piece of virtual glass,' explains the Interaction Design Foundation. To achieve the glass-inspired design in software, blurred backgrounds are set against vivid colors, and outlines are created in a translucent style. It's more about mimicking the frosted glass look by putting the foreground against a blurred backdrop, preferably a gradient look with contrasting colors. The borders are light and have a subtle shadow to produce the depth and visual effects of glass, alongside heavy use of layering. Apple's design guide also alludes to the glass-inspired design ideology, with full videos giving a detailed walkthrough. 'The default window style consists of an upright plane that uses an unmodifiable background material called glass and includes a close button, window bar, and resize controls that let people close, move, and resize the window,' suggests the company. Not exactly a new novel concept Apple is not alien to the concept of glassmorphism. In fact, the company started implementing elements with macOS Big Sur back in 2020, pushing gradient minimalism with blurred-out background effects for app windows. Design experts refer to it as frosted glass aesthetics, and it continues to live till date. You can already see elements of this design in the control center of macOS Sequoia. Likewise, opening the app folder on iPadOS will give a glimpse of it. In fact, Apple first experimented with this design language in iOS 7, and subsequently made a pivot to the flatter design with solid colors that we now see on iPhones and Macs. Apple won't be the only player with a taste for glass-inspired UI design. Microsoft introduced its Fluent Design aesthetics in Windows 10, which adopted glassmorphic elements in the start menu and a few other places. It balanced a semi-transparent background with light shadows and sharp borders to achieve the effects. This wasn't Microsoft's first experience with this particular design language. That honor goes to the Aero Glass design in Windows Vista, roughly two decades ago. The Aero Glass scheme focused on achieving a frosted glass effect, which could appear borderline transparent in certain areas, such as the taskbar and Media Player's playback control bar. You can read all about it in Microsoft's archived developer guide here. Here's the fun part. Microsoft recently gave us the best look at what a truly glassmorphic design would look like on a computer, without actually putting it on a Windows machine. Sigh. Have a look: Why now? We're not sure exactly how the updated design language of iOS, macOS, watchOS, and tvOS is going to look, except for rumors of a VisionOS-inspired makeover. As per Bloomberg, Apple is hoping to unify the design language across all its products. 'That will include transparency and shine effects in all of Apple's tool bars, in-app interfaces and controls,' says the outlet. But that's not the overarching goal. Apple is apparently preparing this design overhaul with the highly anticipated 20th anniversary iPhone in mind. That device will feature curved glass aesthetics and a seamless screen without any holes for the pill-shaped Face ID and selfie camera kit. It's going to mark the same kind of product evolution as the iPhone X did years ago. The iPhone X ditched the thick bezels and the physical Touch ID home button in favor of an all-screen appearance. Apple accordingly made changes to the UI and adjusted the gestures in iOS to help users with the transition. We'll get to know more about the upcoming iOS 26 overhaul is just a day from now.
