Apple, Alphabet, and TSL dragged down the performance of the S&P 500 index.

Gate News bot news, Apple Inc. is the third highest company by market capitalization in the S&P 500 index, and its stock price has fallen 17% this year due to tariff concerns and issues related to artificial intelligence service development. The internet advertising giant Alphabet Inc., with a market capitalization of $2.1 trillion, saw its stock price drop 7% amid concerns that artificial intelligence chat Bots could eat into its lucrative Google search business. Meanwhile, affected by the big dump in electric vehicle sales, TSL's stock price has fallen 26%.

According to data compiled by Bloomberg, these three stocks dragged down the market capitalization-weighted S&P 500 Index by more than 120 points, which closed up about 5% on Tuesday. Under other conditions, if these three stocks can at least recover their losses by 2025, the benchmark index will rise by about two percentage points.

"The upward trend is expanding, but these seven giants occupy such a large proportion of the overall market that if they stagnate, the market will inevitably fall into difficulties," said Paul Stanley, Chief Investment Officer of Granite Bay Wealth Management.

After leading the market for more than two years, the stocks of the seven giants showed divergence in 2025, with Microsoft, Nvidia, and Meta Platforms all rising by 14% or more. The most common distinction between winners and losers in 2025 lies in artificial intelligence: companies like Nvidia capitalized on spending in computing infrastructure, while companies like Meta leveraged the technology to drive revenue growth.

On the other hand, since the announcement of the vision "Artificial Intelligence for the Rest of Us" more than a year ago, Apple has been working hard to integrate AI capabilities into its devices. According to Bloomberg, Apple is considering using AI technology from Anthropic or OpenAI to support its new version of the Siri assistant, and Apple's stock price rose by more than 3% this week.

Paul Marino, Chief Revenue Officer of Themes ETFs, stated: "It makes sense that people are not going to invest more money in Apple right now unless they have a certain plan for the development of artificial intelligence."

Although Microsoft, Nvidia, and Meta contributed about half of this year's gains in the S&P 500 index, Netflix Inc., Broadcom Inc., and Palantir Technologies Inc. also made significant contributions. The index is currently approaching historical highs.

The "seven giants," including Amazon, account for about one-third of the S&P 500 index, roughly equivalent to the total weight of 7 out of 11 major sectors in the benchmark index. By 2025, Amazon's stock price will remain basically flat.