What is MAG 7?

The MAG 7 refers to a group of large technology companies.

• Jun 2025 – Philippe Laffont said the MAG 7 grew revenue over 20% compounded over the prior three to four years while employee and opex growth was only 2%, a historically unprecedented ratio.
• May 2026 – Kai Wu said his base case is that these companies will not go bust but may face a re-rating lower due to becoming more capital intensive.
• Jun 2026 – Josh Brown said the MAG 7 are negative on the year as a group if equal weighted.