The 'Magnificent 7' stocks, a group of prominent technology companies, have experienced a significant decline, erasing approximately $3.3 trillion in market value since their peak. This drop exceeds the entire value of the German stock market. The group has fallen nearly 20% in value, with their Price-to-Earnings ratio decreasing from around 32x to 25x in recent weeks. In 2025 alone, six of the seven companies have collectively lost over $2 trillion. The only stock maintaining positive performance is Meta Platforms. Analysts attribute this downturn to various factors, including macroeconomic uncertainty, rising interest rates, and changing consumer confidence, raising concerns for investors regarding the future of global index trackers.