Memory stocks are in a bear market, but the Magnificent Seven are back on the offense — leading the market higher once again.
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The Dow crept back to breakeven, but tech and momentum plays were still driving most of the market’s gains. The blue-chip index was moving in and out of positive territory, while the Nasdaq was up 1%. Only about half the Dow stocks and 43% of the S&P 500 stocks were rising.
Broadcom will supply Apple with custom application-specific integrated circuits, known as ASICs, through 2031, it said in a securities filing. Broadcom stock rose 4.1% to $375.13 on Monday. Apple has been one of Broadcom’s leading customers since 2010, notably buying hardware to assist with wireless connectivity.
Savita Subramanian, head of U.S. equity and quantitative strategy for BofA, doesn’t see “any reason to continue to buy Magnificent Seven or megacap tech stocks that are the capex spenders.”
The Dow closed out its fourth-straight week of gains at a record on Thursday while the Nasdaq and S&P 500 were dragged down by another chip selloff. The Dow rallied 594 points, or 1.1%. The S&P 500 was flat.
Meta surged more than 11% on a report that the company plans to sell its excess computing power to third parties. The stock is on track for its largest single-day gain since April 9, 2025, according to Dow Jones Market Data.

Yahoo Finance looks at how major assets performed through the first half of the year.
The small-cap index is headed for its fourth consecutive record and is headed for its best first half of the year since the 90s, according to Dow Jones Market Data. The small cap index is up roughly 22% this year, its best performance since 1991, when it rose 26.6%.
This year's second quarter was a blockbuster period for tech stocks. The PHLX Semiconductor Index—which houses chip stocks like Nvidia and Broadcom—has climbed 81% through yesterday, putting it on track for its best quarter in history. Once darlings of the industry, some of the biggest names in tech have fallen out of favor with investors as they fret about these companies' big AI spending commitments.
The Dow is back at record levels, but the stock market’s rally has some room to run. The S&P 500 was up 1.2% on Monday, while the Dow closed above 52,000 for the first time, up 0.6%. The Nasdaq gained 2.1%.
The S&P 500 and Nasdaq could snap their losing streaks, but it may come at the cost of some recent broadening. The S&P 500 was up 0.8%, but only 185 stocks in the index were rising. The Nasdaq was up 1.4%.
The market’s breadth—the number of advancing stocks versus declining ones—has still been positive, even on days when tech is a mess.
Amid a historic surge in chip stocks and a continued malaise for software, investors have all but forgotten about the once stalwart Mag Seven group of stocks.
The bleeding in Magnificent Seven stocks dragged down the S&P 500 and Nasdaq again on Thursday, but other sectors cruised along. The Nasdaq fell 0.5%. For the fourth time, the Dow failed to close above 52,000 after crossing that mark during intraday trading.
A massive rotation at the expense of big AI spenders has the Magnificent Seven on pace to shed $3 trillion this month. Collectively, Tesla, Apple, Microsoft, Meta Platforms, Nvidia, Amazon.com, and Alphabet have lost $2.99 trillion in market cap so far in June, according to Dow Jones Market Data. The Roundhill Magnificent Seven ETF is on pace for its worst month on record.
SK Hynix will be easier for investors to buy. Will that hurt demand for South Korean funds and the DRAM ETF?
After weeks of large-scale alarms that turned out to be false starts, equities finally found a real problem — the one they spent two years celebrating.
The Magnificent Seven stocks are among the most popular names for covered call investors. That isn’t surprising. Their options chains are highly liquid, there’s no shortage of strike prices and expiration dates, and their volatility tends to generate substantial option premiums. The problem is capital requirements. Most of these stocks trade in the hundreds of ... MAGY Is the Magnificent Seven Income ETF Paying Investors Every Monday Morning
A steep tech stock selloff may wipe out more than $1 trillion in market value from the Nasdaq 100. Nasdaq 100 futures were down 3% on Tuesday. The Nasdaq 100’s market cap was roughly $41.27 trillion on Monday.
A selloff of large technology stocks sent the Nasdaq reeling, but the Dow managed to weather the storm. The Dow rose 163 points, or 0.3%. The Nasdaq fell 1.3%. The S&P 500 fell 0.4%, even though breadth was solid for much of the afternoon.
The Nasdaq kept falling on Monday after Alphabet’s sharp drop bled into other large technology stocks. The S&P 500 was down 0.3%, even though a majority of stocks and sectors in the index were rising. The Dow, which does not include Alphabet, was up 165 points, or 0.3%.
Don’t look now, but the Russell 2000 just hit 3000. It first closed above 2000 on Dec. 23, 2020, according to Dow Jones Market Data. Jeffrey Favuzza, senior vice president of equities trading at Jefferies, pointed out earlier this morning that the Russell was already trading at an 18-month relative high when compared to the Mag 7 after hitting a low in November in 2025.
Alphabet stock's sharp slide was dragging down the Nasdaq. The tech-heavy index was down 1%. The S&P 500 was down 0.3%. The Dow, which does not include Alphabet, was up 183 points, or 0.4%. Shares of the Google parent tumbled more than 6%.
The market has the most to lose if the central bank raises interest rates. Its rally is powered by tech and AI, making it risky, risky, risky.
Investing.com -- JPMorgan expects the Magnificent Seven stocks to deliver further absolute upside, characterizing recent volatility in the group as a buying opportunity tied to positioning and technical factors rather than a fundamental shift.
If you own an ETF tracking the S&P 500 or the Nasdaq-100, the Magnificent Seven are unavoidable. They’re a major part of both benchmarks, where a handful of technology giants continue to dominate index weights. Personally, I’m a bit cautious whenever financial media starts assigning catchy names to groups of stocks. Historically, that can be ... If You Hate (Or Love) The ‘Mag 7’ There Is An ETF To Profit