Six of the so-called magnificent seven stocks – Nvidia, Alphabet, Microsoft, Amazon, Meta and Tesla – have lost at least 20 per cent of their value. Photograph: iStockThere’s little that’s magnificent about the magnificent seven these days. It marked the 10th time in the past 11 quarters that the magnificent seven reported earnings growth above 25 per cent, says FactSet. Four of the seven – Microsoft, Meta, Amazon, and Nvidia – now trade below their historical norms, notes Bespoke Investment Group, with Meta and Amazon at extremely discounted levels. The magnificent seven are not failing businesses, but investors have rotated away from high-flying tech.

Source: The Irish Times April 05, 2026 06:43 UTC