The Magnificent 7's Meltdown: What Happens When Your Portfolio Becomes a One Note Wonder The past few years have seen the dominance of seven stocks, collectively known as the "Magnificent 7," drive the majority of the S&P 500's gains.
Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla make up over a third of the index.
However, these behemoths are on track for their worst year since 2022, with some individual stocks diverging significantly from the pack. The concentration of wealth in these seven companies has been staggering.