deVere CEO Predicts Magnificent Seven Shrinks to Three

DeVere Group CEO Nigel Green predicted the 'Magnificent Seven' tech stocks will shrink to three within five years, as rising AI-related input costs split the group into infrastructure owners and AI consumers. Green cited Apple's 6% share drop after price hikes linked to AI data centre demand, warning that firms controlling chips, memory, and compute will capture disproportionate pricing power.

According to InvestorIdeas, deVere Group CEO Nigel Green said the current "Magnificent Seven" of tech, Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla, will split into infrastructure owners and AI consumers, and within five years the list of premium AI beneficiaries will shrink to three . InvestorIdeas reports Green linked the market move to rising AI-related input costs, citing Apple's reported 6% share drop after it raised MacBook and iPad prices and said memory and storage costs were climbing due to demand from AI data centres. Earlier coverage from deVere and other outlets in 2024-2025 framed similar concerns about valuation and AI investment burdens for big tech. Editorial analysis: industry observers should watch which firms control chips, memory, and data-centre compute, as those firms are likely to capture disproportionate pricing power.