By Eric Bleeker
Publication Date: 2026-03-07 19:13:00
It was a week that reminded investors how quickly the Magnificent 7 can splinter. AI optimism and fresh earnings momentum gave way to macro headwinds, geopolitical jitters, and stock-specific news pulling the cohort in opposite directions.
The S&P 500 fell 1.98% for the week, and the Nasdaq 100 dropped 1.24%. The Magnificent 7 mirrored that split: Microsoft surged while Apple fell, and Alphabet dropped 4.25% with the rest scattered in between.
The VIX fear gauge spiked 27.5% week-over-week, reaching 23.75 by Thursday, pushing into elevated uncertainty territory. Investors were navigating an Iran conflict mid-week, continued AI capital expenditure scrutiny, and a Friday S&P 500 rebalancing that added more AI stocks into the widely followed index.
This Week’s Biggest Winners and Losers in the Magnificent 7
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