Mag 7 Gains 1.1% in 2026 as AI Trade Lifts Nasdaq 100 18%
Updated
Updated · Bloomberg · Jul 7
Mag 7 Gains 1.1% in 2026 as AI Trade Lifts Nasdaq 100 18%
3 articles · Updated · Bloomberg · Jul 7
Summary
An index of the Magnificent Seven has risen just 1.1% in 2026, far behind the Nasdaq 100’s nearly 18% gain and the S&P 500’s 10% advance.
That gap signals a shift in the AI trade: investors are still backing artificial intelligence, but money is spreading beyond Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta and Tesla.
The group had long dominated the S&P 500 and often dictated the broader market’s direction, making this year’s underperformance a break from the concentration that defined recent rallies.
The change suggests 2026’s equity gains are being driven by a wider set of companies rather than a handful of mega-cap tech names.