The Magnificent 7, a group of leading tech stocks including Apple, Microsoft, Amazon, Facebook, Google, Nvidia, and Tesla, has officially entered a bear market after experiencing a decline of over 20% from its peak. As of early April 2025, these stocks have collectively lost more than $3.4 trillion in market value, surpassing the total market capitalization of the German and French stock markets. The concentration of the top 10 stocks in the S&P 500 now accounts for approximately 37% of the index, a notable increase from 24% during the Dot-Com Bubble peak in 2000. This high market concentration raises concerns about the vulnerability of the S&P 500 to fluctuations in the performance of a small number of large tech companies. Year-to-date, the Magnificent 7 has dropped 15%, while the remaining 493 stocks in the S&P 500 have remained relatively flat.