What will the seven major technology giants in the US stock market be like in 2025?

It is estimated that the total profits of Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla, the seven major technology giants in 2025, will only increase by 18%, much lower than the 34% in 2024. Excluding NVIDIA, the largest beneficiary of the AI frenzy, the total profits of the other six companies in 2025 will only increase by 3%. As a result, investors have begun to look for new investment targets, such as energy and biotechnology stocks. An 18% profit growth rate may be considered good performance for almost all industries, except for these large technology companies. Meanwhile, the profit growth rate of the S&P 500 Index is expected to reach 13%, higher than this year's 10%. In other words, these technology giants will no longer be the growth benchmarks of American companies. Julian McManus, Portfolio Manager at investment firm Janus Henderson, said, 'The seven giants in the US stock market may not be the growth engine of the market as they were in the past year.' In response to this, investors have taken action. Data from EPFR Global shows that in the week ending December 4, the IT sector experienced the largest outflow of funds in six weeks, amounting to $1.4 billion, while small-cap stocks attracted an inflow of $4.6 billion.