So far they’ve been right, with the Magnificent 7 index up just 0.5% and the S&P 500 climbing 1.8% to start the year. But enthusiasm for them is cooling as interest in the rest of the S&P 500 rises. The S&P 500 is trading at 22 times expected earnings, and the Nasdaq 100 Index is at 25 times. MicrosoftFor Microsoft, 2025 was the second consecutive year it underperformed the S&P 500. Amazon.comThe e-commerce and cloud-computing giant was the weakest Magnificent 7 stock in 2025, its seventh straight year in that position.

Source: The Edge Markets January 11, 2026 22:31 UTC