It’s a blockbuster week for the Magnificent Seven stocks. By Thursday, six of the seven tech titans will have reported earnings, with only Nvidia keeping its powder dry until August.
Google parent Alphabet and Tesla have already shown their cards.
Next up: Microsoft, Meta, Amazon and Apple. Together, they account for a combined market value of over $11 trillion (€9.4 trillion) and a disproportionate share of investor attention.
Yet, the group no longer moves as one. Tesla and Apple have suffered double-digit declines in 2025. Alphabet and Amazon have flatlined. Nvidia, Meta and Microsoft, meanwhile, are each up 20 per cent or more.
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The AI boom remains the dominant story. Meta, Microsoft and Amazon are racing to expand capacity after bumping against infrastructure limits. Apple, by contrast, has yet to convince anyone it’s in the race.
Tariffs, cloud margins, and retail resilience will all feature. For tech’s biggest names, however, AI is the dividing line between leading and lagging.
