Is the Magnificent Seven No More? | Global News Avenue

this Seven This year doesn’t look that grand.

Meta Platform (Yuan) This week became the last group of large tech stocks this year. The rest – Apple (AAPL), Microsoft (MSFT), nvidia (NVDA),letter(GOOG), Amazon (Amzn) and Tesla (TSLA) – It fell 8% to 42% when it closed Wednesday since the beginning of the year.

Since the end of 2022, the explosive popularity of cooling inflation and Openai’s Chatgpt has enabled seven stocks to be located in U.S. stock market drivers. AI Conference That casts the concept of magazine seven. Technology giants account for more than 50% of S&P 500 earnings in 2023 and 2024. In those years, the index rose more than 20%, the first consecutive record since the 1990s.

Some market observers have warned for some time that a narrow bull market is an unsustainable market, with evidence Mag Seven’s dominance This year we are back in the stock market. Since the beginning of the year, MAG Seven shares have fallen nearly 15%, while S&P 500 shares have fallen by about 4%, while S&P has fallen. Equally weighted S&P 500 Less than 1%.

McGrath’s seven gradually corrected last month

McGrath Seven formally correct At the end of February, a few weeks ago The S&P 500 did it last week. At the same time, the equal weight index still has not fallen into correct The end of Wednesday.

“So when we consider the decline in the U.S. market this year, I would say that even if both are important, the sentiment changes to the MAG-7 are much bigger than the trade headlines,” Deutsche Bank analyst Jim Reid wrote in a note on Wednesday.

The huge seven stocks have taken a huge hit this year by installing uncertainty on Wall Street and Main Street. Unleashing surprisingly effective open source AI model from this Chinese startup DeepSeek hint Sell In late January. The group has been working hard to rebound The uncertainty is getting bigger About the economic impact of President Donald Trump’s tariffs.