The economist who coined the phrase ‘Magnificent 7’ says the very thing that made them extraordinary is under threat

Source Scout · Fortune reports: It was May 2023 when Bank of America’s Michael Hartnett took inspiration from the Wild West, coining the phrase “Magnificent Seven” for a group of American companies that have proved to be the main driver of the stock market during an AI boom. And while the Mag Seven— Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia , and Tesla—remain dominant forces in the asset class, Hartnett now says that the very thing which once made them a portfolio “must” is now a vulnerability.

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Scoop News DeskPublished Monday, September 28, 2026 at 3:29 PM UTCUpdated Monday, September 28, 2026 at 4:03 PM UTC

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