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STOCKS | Mag 7’s Market Grip Fades as AI Trade Broadens Beyond Mega-Caps

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2026-07-07 11:03:02
The Magnificent Seven’s dominance over the S&P 500 Index has faded as the artificial intelligence trade spreads beyond the biggest tech companies, Bloomberg reported.

For years, the group of mega-cap tech stocks commanded investor attention and often set the direction for the broader US equity market, but that dynamic has shifted.
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