Apple, Amazon, Nvidia, Tesla... The Seven Magnificents Resist, but No Longer Command: Who Leads the S&P 500?

The “Seven Magnificents” no longer reign alone. Five months have been enough for the market to have lowered them from their pedestal. Apple falls 18.6% so far this year. Tesla sinks 27.4%. Alphabet, 3.3%. And although Meta and Nvidia have been leading strong rebounds since their annual minimums (28.3% and 34% respectively), their crown no longer shines the same. The ETF (quoted fund) that groups them, Roundhill Magnificent Seven, has risen 18% s…