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The S&P 500 is up 10% year-to-date and it set another new all-time high yesterday. Much of that growth has come from the Magnificent 7 tech companies, who are spending heavily on AI and its associated infrastructure. That wave of spending has become so massive that it has added 0.5% to GDP growth, according to … Read more
Jakub Porzycki | Nurphoto | Getty Images Nvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery. The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally … Read more
As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago. Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been on a see-sawing ride … Read more
A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange, March 1, 2018. Eduardo Munoz Alvarez / Getty Images The Magnificent Seven stocks collectively lost more than $1 trillion in Thursday trading, a stunning milestone that underscores how President Donald Trump’s tariff rollout crippled financial markets. … Read more
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025. Brian Snyder | Reuters It’s been a painful year so far for megacap technology giants known as the “Magnificent Seven” and 2025 is only getting started. Six members of the group are already tracking for … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. 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, … Read more
Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called “Magnificent Seven,” while Apple shares dropped 3%. Read More
The boss of the $1.8 trillion wealth fund told investors to take a contrarion approach, even if it leads others to questioning your sanity. Read More
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