From NBCUniversal:

Big Tech’s market dominance is concerning investors, leading to potential shifts to equal-weight exchange-traded funds. VettaFi’s Todd Rosenbluth highlighted Invesco S&P 500 Equal Weight ETF and Technology ETF as options to reduce exposure to the “Magnificent Seven” stocks. BNY Mellon’s Ben Slavin noted less interest in Big Tech and increasing interest in “less-loved” market groups like financials and real estate.

CNBC’s Magnificent 7 Index, consisting of Apple, Alphabet, Meta, Microsoft, Amazon, Nvidia, and Tesla, saw a nearly 6% surge on Friday. The index has risen by 68% over the past 52 weeks. This news follows growing concerns about market concentration in Big Tech companies and potential investment shifts toward less heavily weighted sectors.



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