Broadcom, Palantir, AMD Join AI Giants in $16 Trillion Shake-Up

- Cboe Magnificent 10 Index launches with new AI leaders. - Nvidia, Microsoft, Alphabet, and Meta dominate gains, others falter. New entrants are rising in the artificial intelligence (AI) space, causing a significant reshuffling of Wall Street's "Magnificent Seven," a group of Big Tech companies that has historically been prominent in the AI trade. On September 10, 2025, Cboe Global Markets announced the Cboe Magnificent 10 Index, which expands the original lineup to include three emerging leaders: Broadcom, Palantir, and Advanced Micro Devices (AMD). This development reflects evolving market dynamics and investor interest in capturing AI-driven growth beyond traditionally dominant firms. Meanwhile, new players are challenging the dominance of the original Magnificent Seven: Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. While four of these companies—Nvidia, Microsoft, Alphabet, and Meta—have experienced robust growth this year with stock gains ranging between 21% and 33%, Apple, Amazon, and Tesla have underperformed by contrast. Their performance highlights a less clear role for them in the rapidly evolving AI-focused market. The new Cboe Magnificent 10 Index formalizes this shift in AI leadership. New entrants like Broadcom and Palantir are making waves with innovative strategies, as Broadcom has expanded its AI-driven chip offerings and companies increasingly use Palantir's data analytics platforms in AI applications. AMD has also become a significant player in the sector by producing semiconductors tailored for AI workloads. In addition to these firms, Oracle has benefited from strong demand for AI-enabled cloud services, and companies in energy production, networking, and data storage are also seeing positive impacts from AI’s explosive growth. This reshuffling not only aligns with the performance gap within the Magnificent Seven but also indicates that investors are developing new strategies to capitalize on AI’s expansion. As a result, some analysts have begun proposing new groupings, such as a "Fab Four" or a "Big Six," to better represent the key players driving AI innovation. Investors continue to monitor market responses to the growing influence of AI across technology and broader industries.