"The new year has so far not been kind to the share price of Big Tech stocks, particularly the so-called Magnificent 7. These seven companies-Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla-are America's tech crown jewels. Combined, they have their hands in the hottest areas of tech, including artificial intelligence, mobile computing, chipmaking, and transportation. Yet all of these tech companies have seen their share prices decline since the beginning of the year."
"While all seven companies have their own strengths (Amazon, e-commerce; Nvidia, AI chips; Apple, smartphones, etc.), they share one thread: they are traded on the already tech-heavy Nasdaq. And given the massive market caps of these companies, all seven have an outsized impact on the Nasdaq as a whole. Keeping that in mind, it's little surprise that the NASDAQ Composite itself is down over 3% year to date as well."
Seven major US technology companies—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have all declined in share price so far in 2026. Year-to-date losses range from about 1.6% (Nvidia) to roughly 17.4% (Microsoft), with Amazon down about 13.5% and Tesla down about 8.2%. The combined market capitalization of these companies gives them outsized influence on the Nasdaq, contributing to the Nasdaq Composite's more than 3% year-to-date decline. A central factor underlying the weakness is immense capital expenditure tied to artificial intelligence buildouts. Capital expenditure (capex) denotes money spent to build assets to grow a business and its finances.
Read at Fast Company
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