Wall Street shy away from the 'Mag -7' as a added value of 1.4 trillion US dollars -Apple (Nasdaq: AAPL), Amazon.com (nasdaq: amzn)

Tech giants who have dominated Wall Street have losing their grip, and the so-called, wonderful seven shares that have been handing over a market value of around $ 1.4 trillion since December, Bloomberg reported on Tuesday.

The Bloomberg Magnificent Seven Index – Apple Inc. AAPLNvidia Corp NvdaMicrosoft Corp MsftGoogle Parent Alphabet Inc. Google Goog))) GooglAmazon.com Inc AmznMeta Platforms Inc. META and Tesla Inc TSLA– has fallen from its December highlight and officially entered the area of ​​corrections.

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Tesla was the hardest hit, followed by Microsoft and Alphabet. Elon MuschusThe electric vehicle manufacturer initially rose according to the president Donald TrumpHowever, the November election victory in November has been confronted with declining sales and increased competition by Chinese rivals such as BYD.

Meta is the lonely bright spot that defeats the downward trend while investors support its AI strategy. The Facebook parent recorded a 19-day winning streak in February and added a market value of more than $ 320 billion.

“The stock market has lost its lead,” said Jim Paulsen, an independent market strategist, the Financial Times.

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It is a pivot point from 2023 and 2024 when the seven companies made enormous profits and made the wider market higher. According to FT, the great seven rose by more than 160% between the beginning of 2023 and at the end of 2024, but the index added only 1% this year.

Investors move to other sectors, with the US bank shares attracting almost $ 2 billion in the week of February 3-the second largest weekly inflow since 2008, according to the data of the Bank of America cited. Health companies, European shares, gold and smaller technology groups have also benefited from this repositioning.

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In the meantime, money is increasingly flowing to private technology companies AnthropicPresent CoreweavePresent databasePresent OpenaiPresent confusionPresent Scaleai And Xai– According to Ft.

Most market observers consider widening to be healthy for an expensive, first -class market. However, JPMorgan analysts under the direction of Mislav Matejka warn that a faster introduction of AI and less entry barriers could mean long-term difficulties for the established tech giants.

“Historically, it was never the incumbent who benefited from technological disorders, but the outsiders,” Matejka told FT.

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