The Magnificent Seven tech giants are off to their worst start to a year since 2022, according to The Wall Street Journal. The group collectively lost $2.5 trillion in market value despite a four-day rally, according to Dow Jones Market Data. DeepSeek’s new AI model, Trump’s escalating trade war, and company-specific setbacks have rattled investor confidence. Analysts expect the group’s 2025 profit growth to slow to 16%, down from 37% in 2024, while broader S&P 500 companies are projected to see earnings rise 7.8%. The tech-heavy Nasdaq Composite is in a bear market, down 20% from its high, and the S&P 500's total return is off 5.7% for the year.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Magnificent Seven Tech Giants are off to their worst start to a year since 2022,
00:06according to the Wall Street Journal. The group collectively lost $2.5 trillion in market value
00:12despite a four-day rally, according to Dow Jones Market Data. DeepSync's new AI model,
00:16Trump's escalating trade war, and company-specific setbacks have rattled investor confidence.
00:22Analysts expect the group's 2025 profit growth to slow to 16%, down from 37% in 2024,
00:28where broader S&P 500 companies are projected to see earnings rise 7.8%.
00:32Tech-heavy Nasdaq Composite is in a bear market, down 20% from its high.
00:37The S&P 500's total return is off 5.7% for the year.
00:40For all things money, visit Benzinga.com slash GSTV.