Nvidia Tops Pre-Market Trading Gains, Apple Suffers Biggest Drop Since 2001

Nvidia Pushes Higher as Apple's Stock Crashes 19% in Three Days

Apr 08, 2025

Summary

Tech stocks recover, with Nvidia leading, while Apple hits its worst three-day drop in years

Nvidia (NVDA, Financial) is leading the pack in premarket trading on Tuesday, jumping 2.9%. U.S. equity futures are bouncing back after a rough session, fueled by concerns over a possible recession because of President Trump's trade war.

Other tech giants are also seeing some notable gains. Amazon (AMZN, Financial) is up 2.6%, Meta (META, Financial) is up 2.1%, and Tesla (TSLA, Financial) has climbed 1.7%. Alphabet (GOOG, Financial) and Apple (AAPL, Financial) aren't too far behind, rising 1.6% and 1.2%, respectively.

But it's not all smooth sailing for Apple (AAPL, Financial). The company has faced a tough few days, with its stock dropping 19% over the past three trading sessions,its biggest three-day fall since 2001.

The Magnificent Seven Index, which tracks these major players, has fallen 24% this year, after a huge 67% surge in 2024. It's a reminder of how quickly things can change in the tech world.

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