So much for the untouchable “Magnificent 7 trade.” Only one of the big-cap tech components — Meta (META) — has delivered double-digit gains year to date.
Amazon is the only other Mag 7 component to be up on the year to the tune of 5.9%, slightly ahead of the 3.4% increase for the S&P 500 (^GSPC). The other Mag 7 components Alphabet (GOOG, GOOGL), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) are all down year to date, with an average drop of 3% based on Yahoo Finance’s calculations.
So what gives? Fears that the group as a whole is spending way too much to build out AI infrastructure, for starters.
Amazon
#Magnificent #trade #big #trouble
![Pinterest](https://pinterest.com/pin/create/button/?url=https://oolanews.com/world/magnificent-7-trade-big-trouble-121036170-html/&media=https://oolanews.com/wp-content/uploads/2025/02/Is-the-Magnificent-7-trade-in-big-trouble.jpeg&description=So much for the untouchable "Magnificent 7 trade." Only one of the big-cap tech components — Meta (META) — has delivered double-digit gains year to date.Amazon is the only other Mag 7 component to be up on the year to the tune of 5.9%, slightly ahead of the 3.4% increase for the S&P 500 (^GSPC). The other Mag 7 components Alphabet (GOOG, GOOGL), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) are all down year to date, with an average drop of 3% based on Yahoo Finance's calculations.So what gives? Fears that the group as a whole is spending way too much to build out AI infrastructure, for starters.){kind=link}