Meta (META.US) has seen its gains for the year completely erased, becoming the last to fall in the "Seven Sisters" group.

Generated by AI AgentMarket Intel
Tuesday, Mar 18, 2025 7:30 pm ET1min read

Noting

(META.US) fell into negative territory for the year on Tuesday, becoming the last of the "Seven Sisters" stocks to lose its gains so far this year.

The

parent's stock fell 3.7%, extending its recent sell-off, and is down 0.5% through 2025. The drop was especially noteworthy as the stock had staged a historic rally, rising for 20 consecutive trading days, a feat never before seen. At its peak in 2025, the stock had risen nearly 26%, but has since erased all those gains.

Analyst Justin

of KeyBanc Capital Markets cut his price target to $710 from $750, citing "increasing macro uncertainty," due to Meta's investment in artificial intelligence.

"The challenge we see today is that the AI cycle is adding fixed costs to

, limiting its ability to cut expenses during a downturn," Patterson wrote in a note. He also said another "Seven Sisters" member, Alphabet (GOOGL.US), is facing similar headwinds.

The tech stocks have broadly come under pressure this year as the economic outlook has been hit by Trump administration tariffs and questions about the direction of the AI industry. The seven stocks -- Apple (AAPL.US), Microsoft (MSFT.US), Nvidia (NVDA.US), Amazon (AMZN.US), Tesla (TSLA.US), Alphabet and Meta -- have been seen as beneficiaries of AI.

The Bloomberg Seven Technology Index has fallen 16% this year, more than 20% from its peak in December. Among the most pronounced decliners, Tesla is down 44% this year, while Alphabet and Apple are both down 15%, and Nvidia is down 14%. The index fell 2.5% on Tuesday.

Meanwhile, the Nasdaq 100 index is down 7.3% this year, and has recently entered a correction. The tech stock index is now more than 12% off its peak.

The large tech stocks' stellar two-year run has made them a popular choice for investors to take profits in uncertain times.

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