CNBC's calculation of 60-day rolling correlations among the 21 pairs of Magnificent Seven stocks shows the average fell to its lowest level in more than a decade, suggesting the group no longer trades as a single block. The Roundhill Magnificent Seven ETF (MAGS) is up 7% year to date versus 12% for the S&P 500, with Tesla and Meta down in 2026 while Nvidia and Apple outperform, and Apple leading the group with a 28% gain. Analysts say each company has different AI exposure, calling for a more granular approach, and Wall Street remains largely bullish, with buy or strong buy ratings at 97% for Amazon, Microsoft and Nvidia, versus 50% for Tesla.
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