Every Magnificent Seven stock is down in 2026. Microsoft has dropped 17%, Amazon is off 14%, and even NVIDIA has slipped 4.6%. Meanwhile, energy stocks are up 23% and materials have gained 18%. Money is flowing out of big tech. But next week could change the story. From March 16-19, NVIDIA hosts its GPU Technology Conference (GTC) in San Jose. Over 30,000 people from 190+ countries will attend, and CEO Jensen Huang’s keynote on Monday has become the most anticipated tech event of the quarter.
