Guess Which Group of Stocks Is Back at an All-Time High?
2026-09-26 15:07
•Matthew Benjamin •The Motley Fool
••••• ••••••••••• Axe Cap view
The Return of the Tech Titans: What It Means for SA Investors
The Magnificent Seven tech stocks hit new highs, but South African investors should tread carefully.
The Magnificent Seven ETF, driven by the usual suspects Nvidia, Apple, and Meta, just hit a fresh all-time high. These giants are fueling the AI and social media revolutions, pushing the index to $72.20. For South Africans, the temptation is to chase this rally through Prosus or Naspers, given their heavy stakes in global tech. Still, keep in mind that the broader group’s performance is uneven—Microsoft and the Alphabet family are barely moving, and Tesla’s battle with Chinese competitors has clipped its wings. This mixed bag makes me cautious. The rand’s recent stability against the dollar (USD/ZAR) offers some comfort, but an unexpected shift in US tech regulations or a surge in the ZAR due to domestic political tension could quickly reverse these gains. If you lean into tech, be selective and patient. this is just our opinion and not financial advice
Watch Prosus and Naspers closely but avoid heavy exposure right now. Trim any existing Tesla holdings. Monitor USD/ZAR for entry points into global tech proxies.
- Prosus
- Naspers
- USD/ZAR
- US tech regulation tightening
- Rand volatility from South African political instability
7/10
The Magnificent Seven ETF (MAGS) has reached a new all-time high of $72.20, driven by strong gains in Nvidia (+21%), Apple (+24%), and Meta (+13%) in 2026. However, performance has been mixed, with Amazon and Alphabet up only 8%, Microsoft up 3.5%, and Tesla down 15% due to intense competition from Chinese EV makers. Meanwhile, smaller chipmakers and memory storage companies have significantly outperformed the group.
Our take is based on reporting first published by The Motley Fool.