The Magnificent Seven club of giant tech stocks has lost some of its lustre as investors sell shares in groups that have dominated Wall Street in recent years.
Apple, Microsoft, Google parent Alphabet, Amazon, Tesla, Nvidia and Facebook parent Meta posted huge gains in 2023 and 2024, propelling the broader US equities market higher because of their hulking market values. But that trend has reversed as the blue-chip S&P 500 has eked out a 4 per cent rise in 2025 despite a mixed performance by the Magnificent Seven.
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