Back to today’s briefing

Story perspectives

Shifting Focus: New Indices Challenge 'Magnificent Seven'

9/29/2025

39 9

Summary

Story summary

The Magnificent Seven may no longer fully reflect market dynamics.
New labels like the Great Eight and TenAI are emerging to include AI-driven companies.
The Magnificent Seven, including Nvidia and Microsoft, accounted for over half of the S&P 500's rally since early 2023.
Analysts urge broadening focus beyond the original seven; new indices like the Magnificent 10 seek AI-leader representation.

1 of 1

Story summary

The Magnificent Seven may no longer fully reflect market dynamics.
New labels like the Great Eight and TenAI are emerging to include AI-driven companies.
The Magnificent Seven, including Nvidia and Microsoft, accounted for over half of the S&P 500's rally since early 2023.
Analysts urge broadening focus beyond the original seven; new indices like the Magnificent 10 seek AI-leader representation.