In the ever-evolving landscape of global technology, two powerhouses stand out: the Magnificent 7 (Mag 7) of the United States and the Terrific 10 of China. While both groups have made significant strides in innovation and market dominance, recent stocks performance suggest that China's tech stocks are outpacing their American counterparts. Here are their stock performances and current market caps since Trump's re-inauguration.

The Mag 7, comprising alphabet, amazon, apple, meta, microsoft, Nvidia, and Tesla, have long been the darlings of the U.S. stock market. Their combined market capitalization exceeds that of the G20 nations, making them a formidable force in global finance.

As Trump returns to the White House, things are changing.

President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda. While the Magnificent Seven have become the hardest-hit stocks in the market sell-off.

The “Magnificent Seven” grouping of large technology stocks collectively shed $759 billion in market cap during Monday’s rout. That was the group’s largest one-day loss of market cap on record, according to Dow Jones Market Data, based on data going back to May 18, 2012, when Meta Platforms Inc. went public.

Since Trump's inauguration on January 20 this year, the 'Magnificent Seven' have suffered a steep decline. As of Monday's close, Tesla's stock had plunged nearly 48%, closing below its election-day level for the first time and down 55% from its mid-December all-time high. Nvidia tumbled over 22%, Google fell more than 15%, Amazon dropped nearly 14%, Microsoft declined over 11%, Meta slipped more than 2%, and Apple dipped over 1%.

In contrast, China's Terrific 10 have made significant advancements. Alibaba's e-commerce platform has revolutionized online shopping in China, while Tencent's WeChat has become a ubiquitous communication tool. Baidu's search engine and AI capabilities have positioned it as a leader in the Chinese tech industry. Meanwhile, China's regulatory environment has also improved, further driving these tech companies.

During the same period, Hong Kong stocks became the best-performing market globally. Alibaba, listed in Hong Kong, surged nearly 67%, while Xiaomi rose over 51%, Tencent gained nearly 36%, SMIC climbed nearly 32%, BYD jumped over 31%, Geely Auto rose over 20%, Meituan gained over 18%, Baidu climbed nearly 17%, JD.com rose nearly 11%, and NetEase gained over 6%.

Note: 1. The Terrific 10 (and their closest U.S. counterparts) include: Alibaba (Amazon, Microsoft); Tencent (Amazon, Microsoft); Meituan (Amazon); Xiaomi (Apple); JD.com (Amazon); NetEase (Microsoft); Baidu (Google); BYD (Tesla); Geely (Tesla); and SMIC (Nvidia)

2. The Magnificent Seven include Apple, Microsoft, Amazon, Alphabet (parent of Google), Tesla, Nvidia and Meta Platforms