The Mag 7 Split: Dan Ives on Nvidia, Apple & Tesla

The Magnificent 7 label is cracking. Between 2023 and 2025, these mega-cap tech stocks returned roughly double the S&P 500 and accounted for a third of the index by weight. Today, that unified trajectory has reversed, the group is trailing the broader benchmark and stock performances are diverging, with Nvidia and Apple surging while Tesla remains in negative territory.

Dan Ives, Senior Managing Director and Analyst at Yorkville Ives & Co, joins us to break down why these tech giants now follow individual narratives rather than a single group trade.

He examines the tug-of-war between Meta's heavy AI CapEx and investor patience, Apple’s strategy to monetise AI without hyperscaler spending, and why Microsoft holds the edge over Amazon and Google.

Plus, a look at Nvidia’s valuation metrics and why a potential SpaceX deal could fundamentally redefine Tesla's future.

Image Credit: Shutterstock

See omnystudio.com/listener for privacy information.