As we’ve been writing, the “Magnificent Seven” tech stocks — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA) — have no longer been leading the market to start 2025.
And as Charles Schwab chief investment strategist Liz Ann Sonders pointed out on X this morning, most of their rankings in S&P 500 performance have tumbled year to date. In 2024, the Magnificent Seven had three of the top 30 performers in the S&P 500. This year, the cohort has just one company, Meta, in the top 200. As seen below, Amazon, Apple, Microsoft, Alphabet, and Tesla actually all rank in the bottom half of year-to-date performance among members of the S&P 500.