THE MAGNIFICENT SEVEN ARE SPLITTING — AND AI IS THE DIVIDING LINE
For years, Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla dominated together. But in 2024, their fates are diverging — and AI is separating the true leaders from the laggards.
🔼 Winners:
• Nvidia (+20% YTD) — First to hit $4T, AI chip king.
• Microsoft & Meta (+20%+ YTD) — Real AI progress, rewarded by Wall Street.
🔽 Laggards:
• Apple (-16%) — Siri delays, underwhelming “Apple Intelligence” rollout.
• Alphabet (-2%) — Regulatory heat, search disruption by AI chatbots.
• Tesla (-18%) — EV sales slowdown, xAI distraction not paying off.
Even Amazon is only up +3%, dragged by tariff pressure, though its Anthropic investment keeps it in the AI race.
💬 Dan Ives puts it bluntly:
“There’s a cool kids’ table in the Mag Seven… and Apple, Tesla, Alphabet are sitting by the kitchen.”
📊 Despite the split, the group still makes up 35% of the S&P 500.
📈 But six of the seven are trading above 25x forward earnings — far higher than the S&P average of 22.35.
🧠 With Q2 earnings on deck and AI as the new standard, investors are asking:
Will the underperformers bounce back — or get left behind like FAANG in 2023?
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