Tesla, Nvidia And Other Mag 7 Stocks Rally In Monday Pre-Market: What's Going On? - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Group 1: Market Reactions - Shares of Nvidia Corp and Tesla Inc. increased by 3.57% and 2.61% respectively during pre-market trading after President Trump softened his stance on China tariffs [1] - Other "Magnificent Seven" stocks, including Amazon, Apple, and Microsoft, also saw gains of 2.05%, 1.68%, and 1.57% respectively, while Alphabet and Meta Platforms rose by 1.68% and 1.5% [2] Group 2: Trade Relations - China reiterated its position on the trade war, indicating they do not seek conflict but are not afraid of it, in response to the U.S. decision to ease tariff escalation [3] - A spokesperson for the Chinese Ministry of Commerce clarified that new export controls on rare earths are regulatory measures rather than outright bans, highlighting a disparity in export controls between the U.S. and China [5] Group 3: Company Performance - Tesla reported a significant 25.15% month-over-month growth in its sales in China, underscoring the importance of the Chinese market amid ongoing trade tensions [4]