"That said, the Mag Seven seem to be breaking apart, with three members in Apple ( NASDAQ:AAPL), Microsoft ( NASDAQ:MSFT), and Meta Platforms ( NASDAQ:META) sinking, while two have gone flat Nvidia ( NASDAQ:NVDA) and Amazon ( NASDAQ:AMZN), leaving Tesla ( NASDAQ:TSLA) and Alphabet ( NASDAQ:GOOGL) as the Mag Seven members that have been magnificent in recent months. At this juncture, analysts seem bullish on the broad basket of the seven names."
"In the meantime, AI still seems to be the star of the show. With Google Gemini gaining ground and analysts expecting more gains ahead from shares of Alphabet, perhaps the most magnificent performer has more magnificence up its sleeves. Any way you look at it, Alphabet stock still looks like a relative value play, especially when you consider Gemini's ascent and the still-modest 29.5 times forward price-to-earnings (P/E) multiple."
The Magnificent Seven show divergent performance with Apple, Microsoft, and Meta weakening, Nvidia and Amazon plateauing, and Tesla and Alphabet powering recent gains. Analysts remain broadly bullish on the group even as selling pressure pressures valuation metrics and compresses multiples. Nvidia and Amazon could rebound, but technical momentum favors Tesla and Alphabet for now. AI remains the primary catalyst, with Google Gemini boosting optimism and framing Alphabet as a relative value opportunity given a modest forward P/E of 29.5. Investors are becoming more selective across AI-related investments, prioritizing areas like storage over AI software.
Read at 24/7 Wall St.
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