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The Magnificent Seven Fell 40% While the S&P Dropped 18%: Hereās How Much Tech Concentration You Can Actually Afford
YahooMay 14, 2026
Iāve been studying portfolio concentration for years, and one stat from Schwabās On Investing podcast keeps echoing in my head. In 2022, the Magnificent Seven fell roughly 40% while the S&P 500 dropped 18%. Our data confirms the pain: SPY shed 20% that calendar year, while Meta Platforms (NASDAQ:META) collapsed 64%, NVIDIA (NASDAQ:NVDA) fell 51%, ... The Magnificent Seven Fell 40% While the S&P Dropped 18%: Hereās How Much Tech Concentration You Can Actually Afford