"The Roundhill Magnificent Seven ETF ( NYSEARCA:MAGS) provides equal-weight exposure to the seven largest tech companies for investors seeking diversified exposure to this basket without selecting individual stocks. The fund holds NVIDIA Corporation ( NASDAQ:NVDA), Alphabet Inc ( NASDAQ:GOOGL), Microsoft Corporation ( NASDAQ:MSFT), and Meta Platforms Inc ( NASDAQ:META) in equal portions alongside Apple Inc ( NASDAQ:AAPL), Amazon.com Inc ( NASDAQ:AMZN), and Tesla Inc ( NASDAQ:TSLA)."
"The biggest factor affecting MAGS is whether enterprise AI spending continues accelerating. Goldman Sachs estimates global AI-related data center capital expenditures will reach $527 billion in 2026, representing a significant tailwind for the Mag7 basket. Six of the seven companies are either building that infrastructure or selling the tools to power it, positioning them to capture the majority of this spending wave."
"Recent developments show the infrastructure race accelerating, with supply constraints emerging for NVIDIA's latest H200 chips even as tariff concerns mount. Meta has secured long-term power agreements to fuel its AI ambitions through the next decade, while Google's Gemini 3 release demonstrated the competitive intensity driving these companies forward."
The Roundhill Magnificent Seven ETF offers equal-weight exposure to seven large technology companies: NVIDIA, Alphabet, Microsoft, Meta, Apple, Amazon, and Tesla. The fund returned nearly 24% over the past year, with momentum stalling in early 2026 as investors reassess valuations. Enterprise AI infrastructure spending is the primary growth driver, with Goldman Sachs forecasting $527 billion in AI-related data center capex in 2026. Six of the seven firms are directly involved in building or supplying AI infrastructure and tools. Upcoming quarterly earnings and AI capex guidance will likely determine near-term performance and volatility.
Read at 24/7 Wall St.
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