The “Magnificent Seven”—Apple, Amazon, Tesla, Microsoft, Meta, Nvidia, and Alphabet—are stocks known for their skyrocketing climb in 2023, leaving the rest of the S&P 500 in the dust. But now, Tesla’s in the red after falling 25% in the last four weeks. So why are these technology companies so important to the stock market?
WSJ’s Gunjan Banerji explains what Tesla’s slide says about this elite group of tech stocks and why investors are concerned.
0:00 Big tech stocks
0:40 Why these stocks are important
2:21 Tesla
3:18 AI in the stock market
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