Donald Trump announced on April 9, 2025, that he would suspend the imposed tariffs for 90 days, as a result of which the companies of The Magnificent Seven, which includes Apple, Microsoft, Google parent company Alphabet, Meta, Tesla, NVIDIA and Amazon, restored more than $1.5 trillion in value. This is reported by Reuters.
Despite the good performance, listed companies have not yet been able to recover the $3.4 trillion in value they have collectively lost since their peak in late 2024. In particular, approximately $2 trillion was lost after a sharp drop in stocks due to the introduction of Trump's tariffs on imports from 180 countries, including China, which are not suspended, but instead raised to 125%.
NVIDIA, Apple, Tesla, Microsoft, Alphabet, Meta and Amazon also saw gains ranging from 9.68% to 22.69% for some companies. The Nasdaq Composite Index, which includes more than three thousand companies, rose by more than 12%. The S&P 500 rose by more than 9%.
Analysts say the 90-day tariff suspension will allow companies to continue their expansion plans in the artificial intelligence sector. However, this pause does not make the outlook clearer, but only temporarily removes uncertainties in budgetary decisions.
"The pause hopefully gives CFOs and COOs breathing room to proceed with AI-related expansion plans that may have been on hold due to trade friction, particularly as AI chip imports and specialized hardware - example from Taiwan or South Korea - are exposed to tariff risks," said Michael Ashley Schulman, chief investment officer at Running Point Capital.