US-China Deal: The ‘Magnificent Seven’ Saddle Up for a Wild Rally
Tech Titans Soar as Trade Tensions Ease, but Can the Rally Outlast the Truce?

Hold onto your portfolios, folks—the financial world just got a plot twist worthy of a Hollywood blockbuster. On Monday, the US and China dropped a bombshell: a 90-day tariff truce, slashing duties from a jaw-dropping 125% to a mere 10% on a swath of goods. Sure, the 20% tariff on Chinese exports linked to the fentanyl trade still looms like a stubborn storm cloud, but make no mistake—this ceasefire is sending global markets into a frenzy, and the “Magnificent Seven” are riding the wave like surfers at Mavericks.
For the uninitiated, the Magnificent Seven—Apple, Amazon, Meta, Nvidia, Microsoft, Alphabet, and Tesla—are the tech titans that make Wall Street’s heart skip a beat. The Roundhill Magnificent Seven ETF (MAGS), their trusty market proxy, exploded 6% in premarket trading, as traders bet big on these juggernauts. Nvidia, the AI darling, powered up 4.08%, while Amazon stole the show with a 7.78% surge, fueled by whispers of massive AI capital expenditures. Apple and Meta weren’t far behind, flexing gains of 5.18% and 5.52%, respectively. Microsoft and Alphabet, fresh off their Q1 earnings home runs, played it cooler with upticks of 0.54% and 1.63%.
Why the euphoria? Lale Akoner, eToro’s global markets guru, broke it down on Yahoo Finance’s Opening Bid podcast. These tech behemoths, tethered to global supply chains and pouring billions into AI, just got a lifeline. “The tariff cut is a game-changer,” Akoner said, pointing to companies like Nvidia and Amazon, which have already juiced their capex guidance to build AI fortresses. Wedbush’s tech sage Dan Ives piled on, calling the truce a “springboard for new highs” in a morning note that had Wall Street buzzing.
