PANews reported on January 25th that, according to Jinshi, for most of the past three years, the so-called "Big Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—had been leading the stock market rally. However, this trend reversed at the end of 2025 as Wall Street began to question the hundreds of billions of dollars these companies had invested in developing artificial intelligence and when those investments would pay off. An index tracking the Big Seven hit a record low on October 29th, and since then, five of the Big Seven companies have seen their share prices decline and lag behind the S&P 500. During this period, only Alphabet and Amazon, with gains approaching 20%, maintained their upward trend. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, stated, "Tech stocks have become a 'performance-driven' story. If big tech companies continue to deliver strong results, I think money will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports, providing insights into the health of industries ranging from cloud computing and electronics to software and digital advertising.
Analysis: From the "Big Seven Faith" to "Let Performance Speak for Itself": US Stocks Face a Life-or-Death Earnings Battle Next Week
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Author: PA一线
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