AI transformation into a watershed of the "Big Seven"! Apple (AAPL.US) Tesla (TSLA.US) Google (GOOGL.US) holds back the S&P 500

Recently, investors are hotly discussing: If the technology giants in the S&P 500 index with a relatively high market capitalization but a sluggish stock price trajectory get rid of the decline, how much room will the benchmark index get for a boost? Affected by the double attack of tariff clouds and resistance to the advancement of AI business, Apple Inc. (AAPL.US), which ranks third among S&P 500 constituent stocks with a market value of US $3.2 trillion, has fallen by 17% during the year; Alphabet (GOOGL.US), the parent company of Internet advertising giant Google, is under pressure by 7% due to market concerns about the impact of AI chatbots on its core search business, and its current market value remains at US $2.1 trillion; Electric vehicle leader Tesla (TSLA.US) was dragged down by violent fluctuations on the demand side, with a 26% drop during the year. According to estimates by authoritative organizations, the weak performance of these three heavyweights has dragged down the market value-weighted S&P 500 index by more than 120 points, and the index still recorded an annual increase of about 5% at the close on Tuesday. Paul Stanley, chief investment officer of Granite Bay Wealth Management, pointed out: "The market breadth is indeed expanding, but the seven major technology stocks occupy too much weight in the overall market. If these giants hold back, the entire market will be in trouble." The data confirms this point of view: Although Microsoft (MSFT.US), Nvidia (NVDA.US) and Meta (META.US) each achieved more than 14% increase during the year by virtue of breakthroughs in AI infrastructure layout and commercialization, there has been significant differentiation within the "Big Seven" camp. It is particularly noteworthy that these three leading stocks have contributed nearly half of the S&P 500 index's gains this year, supporting the index together with Netflix (NFLX.US), Broadcom (AVGO.US), Palantir (PLTR.US) and other companies. Valuations close to historical highs. Market observation found that the implementation of corporate AI strategies in 2025 will become a key watershed. Nvidia has benefited from the investment boom in computing power infrastructure, Meta uses AI technology to drive advertising revenue growth, and Apple has been unable to transform technology into substantial product competitiveness since it released its "AI for All" vision last year. According to reports, Apple is considering introducing Anthropic or OpenAI technology to strengthen the functionality of the new version of Siri, and the stock price rebounded by more than 3% this week. Paul Marino, chief revenue officer of Themes ETFs, said frankly: "Until Apple comes up with a clear artificial intelligence roadmap, capital will not be easily increased." At present, the "Big Seven" account for about one-third of the weight of the S&P 500 index, which is equivalent to the total weight of 7 of the 11 industry sectors in the index. It is worth noting that the stock price of Amazon (AMZN.US), a member of the Big Seven, was basically flat during the year, failing to continue its previous gains. Paul Stanley warned: "Even if the increase in market breadth is a positive signal, to offset the drag effect of heavyweights such as Apple, we need to see a broader market upward momentum. It is not clear what factors can drive the rest of the Big Seven members to continue to exceed expectations." In the dimension of global technology competition, the AI strategic game between China and the United States is extending to the financial field. Faced with the U.S. 's attempt to consolidate the position of the U.S. dollar through emerging technologies, Chinese policy think tanks and economists are actively exploring the cross-border use of stablecoins