Stocks dubbed the "Magnificent Seven" skyrocketed last year, helping the S 500 soar into bull market territory. These technology leaders are involved in some of today's hottest areas, from artificial intelligence (AI) to cloud computing services. And thanks to this, their names are highly recognizable: Amazon, Apple (NASDAQ: AAPL), , Meta Platforms, Microsoft, Nvidia, and Tesla (NASDAQ: TSLA) make up this star-studded list.

Most of these market giants have continued to soar, led by Nvidia, which has gained 79% so far this year. That helped the S 500 rise more than 10% for its best first quarter in five years, and that's kept the Magnificent Seven in the spotlight in 2024. But two members of this elite group no longer are wowing investors, and instead, are in the spotlight for all the wrong reasons. Let's take a closer look.

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Source Fool.com