After trading sideways to down for several months, the “Magnificent Seven” group of megatech stocks is back at an all-time high.
That’s as measured by the Roundhill Magnificent Seven ETF (NYSEMKT: MAGS), which offers investors equal-weight exposure to the Magnificent Seven stocks. Last week, the ETF’s price finally topped its prior record high, set back in May 2026. It now stands at a new record, about $72.20.
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That new high is due to significant gains among several Magnificent Seven stocks. AI chipmaker Nvidia (NASDAQ: NVDA) is up about 21% this year, and iPhone manufacturer Apple (NASDAQ: AAPL) has climbed 24%. Meta Platforms (NASDAQ: META) has matched the broader market’s performance, up about 13% this year.
Online retailer Amazon (NASDAQ: AMZN) and search giant Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are both up a more modest 8% in 2026. Software behemoth Microsoft (NASDAQ: MSFT) has inched up about 3.5% so far this year. So, all three stocks have lagged the S&P 500 index this year.
Tesla is the only stock down for the year
Tesla (NASDAQ: TSLA) is the real outlier in the group. The electric vehicle (EV) maker’s share price has fallen by more than 15% this year. The stock peaked in December 2025 at about $499 a share. It’s now about 24% below that peak. The stock has been hit by Tesla facing extremely strong competition from a Chinese EV maker.
While those seven stocks certainly had a magnificent run from when a Bank of America analyst coined the group’s name back in 2023 until October 2025, they’ve performed more modestly since.
And several other tech stocks are blowing them away this year. Chipmakers Micron Technology, Advanced Micro Devices, and Intel are all up more than 180% this year, while memory storage manufacturers Seagate Technology and Sandisk are up 233% and 665%, respectively, due to the global shortage of memory chips.
Nothing lasts forever, of course. Other groups of outperforming stocks have come and gone. The Nifty Fifty, a group of 50 large-cap stocks everyone wanted to own in the 1960s and 1970s, powered the bull market of the early 1970s, much as the Magnificent Seven dragged the broader market higher in 2024 and 2025.
Though their market caps are largely dwarfed by those of the Magnificent Seven today, many of the Nifty Fifty stocks are still around and thriving, including Walmart, Eli Lilly, and Coca-Cola. But many others are defunct or no longer publicly traded.
