CNBC Daily Open: Rumbles within the Magnificent Seven
CNBC·2026-01-08 09:21

There's movement going on in the Magnificent Seven group of stocks. Shares of Alphabet, the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of 3.89trillion.Meanwhile,Apple,theparentoftheiPhone(sotospeak),retreated0.83.89 trillion. Meanwhile, Apple, the parent of the iPhone (so to speak), retreated 0.8%, and ended the day with a capitalization of 3.85 trillion. It's the first time since 2019 that Alphabet has overtaken Apple in valuation, and another sign of how the Cupertino-based company is falling behind in the artificial intelligence race. ...