Amazon and Microsoft Enter Bear Markets: What’s Breaking the Magnificent 7?

Amazon and Microsoft Enter Bear Markets: What’s Breaking the Magnificent 7?

By Eric Bleeker
Publication Date: 2026-02-14 14:23:00

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Two of tech’s most dominant companies just hit a milestone investors hoped to avoid. Amazon (NASDAQ:AMZN | AMZN Price Prediction) and Microsoft (NASDAQ:MSFT) have both officially entered bear market territory, down more than 20% from their recent peaks. When the giants stumble, the entire market feels it.

The Damage Report

Amazon closed at $199.60 on February 12th, down 13.5% year-to-date and 17.7% over the past month. The stock peaked at $258.60 within the last 52 weeks, meaning it has fallen roughly 23% from that high. The decline accelerated sharply in early February, with the stock’s RSI dropping to 23.46, deep into oversold territory and the lowest reading since the 2022 bear market.

Microsoft’s trajectory tells a similar story. The stock closed at $401.84, down 16.9% year-to-date and 14.6% over the past month. With a 52-week high of $553.50, Microsoft has shed 27% from its peak. Its RSI sits at 32.55, also in…