It feels like a great rotation out of the Magnificent Seven has already kicked off just over a quarter ago. Undoubtedly, the group that's helped lead the S&P 500 to impressive gains in the past several years has shown signs of slowing down. Collectively, the group of seven AI-driven tech leaders has stalled, but underneath the hood, you'll see that not all Mag Seven stocks are built the same.
In what's shaping up as a rotation out of technology names, the Nasdaq Composite has been left out of the broader market rally this week. After yesterday's impressive trading session in which the Dow Jones Industrial Average and S&P 500 both clinched new highs, the broader markets are looking to take more ground while tech remains sidelined. As for the Nasdaq Composite, it is eyeing a 22% gain year-to-date before any potential Santa Claus rally grips the technology sector if sentiment can be reversed.