The Magnificent 7's lousy year, by the numbers

Now, macroeconomic uncertainty, recession fears and concerns over the impact of tariffs have fueled a market selloff that's pushed all the major averages into negative territory for 2025. Earlier this month, the megacaps lost more than $750 billion in market value in the worst day for the tech-heavy Nasdaq Composite since 2022. The drop in technology stocks comes just two months after leaders flocked to Washington for President Donald Trump 's inauguration and after many megacaps powered to new highs in the post-election rally after his November victory. Six members of the group are already tracking for significant year-to-date losses, led by a 40% drop in shares of Tesla . Meta Platforms is the only exception, holding on to a slim gain. It's been a painful year so far for megacap technology giants and 2025 is only getting started. Artificial intelligence leaders such as chip darling Nvidia haven't been spared from the turmoil. The chipmaker has dropped nearly 14% in 2025, shedding ... Read full article.