Financial Times columnist Gillian Tett predicted that the Magnificent 7 tech stocks were not going to fall, but they wouldn’t ride a lot higher either in 2025. What actually happened was a bit of a mixed bag, and Gillian says that sets these companies up for diverging paths in 2026. The era of an artificial intelligence tide lifting all boats seems to be drawing to an end.

Mentioned in this podcast:

Forecasting the World in 2025

Forecasting the world in 2026

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Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

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Predicting 2026: Will the Magnificent 7 tech stocks continue to diverge?

FT News Briefing

Predicting 2026: Will the Magnificent 7 tech stocks continue to diverge?