Back to today’s briefing

Story perspectives

Tech Giants Struggle as Market Rebounds Without Them

5/19/2025

46 5

Summary

Story summary

In 2025, major US tech giants like Apple and Amazon are struggling, even as industrials and financials drive a market rebound. The Bloomberg Magnificent 7 Index has plummeted 4.2%, a stark contrast to last year's tech surge. Ongoing worries about tariffs and inflation loom large, particularly for companies heavily reliant on China, such as Apple.

1 of 1

Story summary

In 2025, major US tech giants like Apple and Amazon are struggling, even as industrials and financials drive a market rebound. The Bloomberg Magnificent 7 Index has plummeted 4.2%, a stark contrast to last year's tech surge. Ongoing worries about tariffs and inflation loom large, particularly for companies heavily reliant on China, such as Apple.