The Magnificent Seven Trade Is Cracking: All but Two Are in the Red for 2026, and the $700 Billion AI Spending Spree They Championed Is Becoming Their Biggest Liability
All but two Magnificent Seven stocks are in the red for 2026 while 493 S&P 500 stocks outperform them. The $700 billion AI infrastructure spending spree is being scrutinized as a liability rather than a catalyst.