Big Tech's Magnificent Seven Becomes Magnificent Four as AI Competition Reshapes Landscape

• The "Magnificent Seven" tech stocks are fragmenting into the "Magnificent Four" (Nvidia, Microsoft, Meta, Amazon) outperforming while Tesla, Apple, Alphabet underperform • Nvidia, Meta, Microsoft, Amazon market caps up over $300B in 2023, driving market rally • Tesla and Apple market caps down in 2023, dragging on Mag Seven performance • Alphabet underperforming in 2023 but bullish technical setup emerging • Shift indicative of long-term trends as companies compete in areas like AI