What is Magnificent 7?

The ‘Magnificent 7’ refers to a group of seven large-cap technology stocks that have been a major driver of market performance. The material tracks their relative performance against the broader market and their capital allocation strategies.

• May 2026 - A source noted that many of the Mag 7 are unable to do buybacks because they are using free cash flow to invest in VEX and capback.
• Jun 2026 - Ryan Detrick said that over the prior 27 days, the other 493 stocks in the S&P 500 outperformed the Mag 7 by 18%, the largest spread since 2018.
• Jun 2026 - Josh Brown reported that the MAG 7 or equal-weight tech (RSP) was up 39%.
• Jun 2026 - Jeremy Grantham stated, ‘There’ll only be one survivor,’ referring to the Mag 7.