Tech Titans' Market Dominance Wanes as 'Magnificent Seven' Stocks Decline

The 'Magnificent Seven' stocks are experiencing their worst quarter since late 2022, dragging down major indices like the S&P 500 and Nasdaq 100.

Meta Platforms Inc. became the last of the 'Magnificent Seven' stocks to turn negative for 2025, erasing earlier gains of nearly 26%.
The group, including Meta, Apple, Microsoft, Nvidia, Amazon, Tesla, and Alphabet, has collectively seen a 16% decline this year.
Tesla has suffered the steepest drop, losing 44% of its value, while Alphabet, Apple, and Nvidia have each declined by over 14%.
Investor concerns over slowing economic growth, tariff policies, and high AI spending have contributed to the tech sector's downturn.
The equal-weighted S&P 500 Index has outperformed its market cap-weighted counterpart by 4 percentage points, highlighting the outsized impact of large-cap tech declines.