Here Is How Much the Magnificent 7 Lost As Stocks Tank Over Tariffs

Markets sank sharply on Wednesday after back-to-back tariff-related headlines from Nvidia and the Federal Reserve rattled investor confidence.

The sell-off started after a disclosure on Tuesday evening after markets closed from Nvidia, which warned of a $5.5 billion hit due to export rules on H20 AI chips developed for the Chinese market.

Nvidia appears to be caught in the increasing tension over tariffs between the US and China.

Stock losses deepened after Federal Reserve President Jerome Powell cautioned that renewed tariffs under the Trump administration could create a “challenging scenario” for the economy. He warned that the Fed’s dual mandate — low unemployment and price stability— could be tested if tariffs drive up consumer prices while slowing growth.

Here is how much each of the Magnificent 7 lost on Wednesday — and since Trump’s inauguration — at market closing at 4 p.m. ET, according to Yahoo Finance.

Alphabet

Loss in stock value since January 21: 20.51%

Loss in stock value on April 16: 2%

Alphabet, Google’s parent company, took a comparatively smaller loss on Wednesday but still saw about one-fifth of its stock value wiped out since Trump became president. In February, Nvidia replaced Alphabet as Wall Street’s third most valuable company.

Alphabet donated $1 million to Trump’s inauguration.

Amazon

Loss in stock value since January 21: 22.16%

Loss in stock value on April 16: 2.93%

Amazon, the global e-commerce giant, has lost about one-fifth of its share value since Trump’s inauguration and could be hit further by tariffs, especially the up to 245% in duties imposed on China.

Amazon donated $1 million to Trump’s inauguration fund, and founder and executive chairman Jeff Bezos attended.

Small businesses selling on Amazon told Business Insider they are struggling to keep their doors open as their already razor-thin margins shrink further under tariffs.

Apple

Loss in stock value since January 21: 9.21%

Loss in stock value on April 16: 3.89%

Apple shares briefly rallied on Monday on a surprise tariff exemption on key tech products, but the reprieve was short-lived.

The tech giant is also planning to spend and invest more than $500 billion in the US over the next four years.

Tim Cook, CEO of Apple, personally donated $1 million to Trump’s inaugural committee and attended the ceremony.

Meta

Loss in stock value since January 21: 15.40%

Loss in stock value on April 16: 3.68%

Meta, parent company of Facebook and Instagram, is currently facing a blockbuster antitrust trial with the Federal Trade Commission that opened on Monday and is expected to run up to eight weeks.

The tech giant had donated $1 million to Trump’s inauguration, and CEO Mark Zuckerberg attended the ceremony.

Microsoft

Loss in stock value since January 21: 9.98%

Loss in stock value on April 16: 3.66%

Microsoft has been rethinking its performance reviews and is mulling another round of job cuts that could come as soon as May, after already having fired “low-performers” in January.

Nvidia

Loss in stock value since January 21: 20.33%

Loss in stock value on April 16: 6.87%

A main character of Wednesday’s stock market woes, Nvidia, the chipmaking giant, took a heavy loss in shares and at one point neared a 10% loss before bouncing back toward market close.

The semiconductor maker developed H20 AI chips for China but disclosed Tuesday that new US export restrictions have effectively blocked Nvidia from selling the inventory, which weighed down share values of the broader tech sector.

Tesla

Loss in stock value since January 21: 40.08%

Loss in stock value on April 16: 4.94%

Tesla, the EV giant, had an especially difficult year in terms of sales and share value for reasons that go beyond tariffs or generally low consumer sentiments.

Public backlash over Musk’s political involvement and ties to the White House’s DOGE office resulted in mass protests and boycotts of Tesla vehicles, and his focus on DOGE made investors question his commitment to the company.

Elon Musk has donated over $260 million to support Trump’s return to the White House, along with $12 million toward a failed conservative bid in Wisconsin’s Supreme Court race.