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The Magnificent 7 Is Not the Winning Big Tech Trade It Once Was

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The Magnificent 7 stocks have diverged over the last year into winners and losers.

BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN

Traders work on the floor at the New York Stock Exchange (NYSE) in New York on July 21, 2025. Photo: Getty Images

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Big Tech isn’t one single trade anymore. It’s seven. 

The Magnificent 7 has fractured from a unified investment theme into a basket of haves and have-nots, split between AI winners like Nvidia and Meta and consumer-facing giants like Apple and Tesla that have........

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