"Magnificent Seven" tech stocks could regain safe-haven status

Large-cap tech stocks, known as the "Magnificent Seven," gained prominence during the mini bank crisis two years ago, when they were seen as safe investments amid economic uncertainty. This group includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Currently, the market is facing another downturn, influenced by President Trump's economic policies. Concerns have arisen about the ability of these tech giants to withstand a potential recession, contrasting with their previous status as recession-proof investments. Despite recent struggles, some investors are considering the "Magnificent Seven" as potential safe havens again. The situation remains fluid, with market dynamics shifting and uncertainty surrounding the economic landscape.