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Apple Takes the Biggest Hit of the "Magnificent Seven" in Response to Trump Tariffs
Tariffs will be the focus, but Apple's issues predate the shocking tariff announcement on April 2.
The sudden and sharp stock market sell-off following the Trump administration's tariff announcements on April 2 is hitting the world's largest technology companies. Apple (NASDAQ: AAPL), Microsoft, Amazon, Alphabet (Google), Meta Platforms (Facebook), Nvidia, and Tesla -- a group known as the "Magnificent Seven" stocks -- have plunged from their highs.
Of these seven tech giants, Apple has suffered the sharpest decline thus far in response to the Trump tariffs.
Is the stock's decline warranted? How might tariffs impact Apple and its beloved iOS products? Most importantly, should investors buy the dip or wait this out?
