from24/7 Wall St.
1 day agoThe Magnificent Seven Myth Is Starting to Crack
As of mid-December, only Nvidia and Alphabet are beating the S&P 500 this year. The rest of the Magnificent Seven are trailing the benchmark. That surprised even seasoned investors. Amazon (NASDAQ: AMZN) underperforming was not shocking, but Microsoft (NASDAQ: MSFT) lagging the index caught many people off guard given its solid earnings and strong AI narrative. Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), and Tesla (NASDAQ: TSLA) have also struggled on a relative basis.
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