Magnificent Seven adds whopping $1.5T in value as Trump pauses sweeping tariffs
“The pause hopefully gives CFOs and COOs breathing room to proceed with AI-related expansion plans that may have been on hold due to trade friction, particularly as AI chip imports and specialized hardware – example from Taiwan or South Korea – are exposed to tariff risks,” said Michael Ashley Schulman, chief investment officer at Running Point Capital, which has exposure to the Mag 7 stocks through funds and family clients.