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Barchart

Sristi Suman Jayaswal

Bernstein Is Still Bullish on This 1 Magnificent 7 Stock: ‘This Stock at These Levels Is Probably Worth a Look’

Nvidia Bernstein NVDA Donald Trump Stacy Rasgon

The Magnificent Seven has stumbled recently as markets react to President Donald Trump’s aggressive new tariff agenda. A sweeping 10% baseline tariff on all global imports took effect on April 9, with even steeper “reciprocal” tariffs totaling 145% in effect on China. Other trading partners could soon face their own painful import taxes following a 90-day pause.

In response, Goldman Sachs raised the odds of a recession to 45%. Mag 7 stocks lost about $1.8 trillion in value in one week alone.

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