CNBC Daily Open: Magnificent Seven competition heats up
CNBC·2026-01-08 07:30

A man walks past the Google signage outside the US tech giant's Ananta office in Bengaluru, India, on Jan. 5, 2026.There's movement going on in the Magnificent Seven group of stocks. Shares of Alphabet, the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of 3.89trillion.Meanwhile,Apple,theparentoftheiPhone(sotospeak),retreated0.83.89 trillion. Meanwhile, Apple, the parent of the iPhone (so to speak), retreated 0.8%, and ended the day with a capitalization of 3.85 trillion. It's the first time since 2019 that Alphabet has overtaken Apple in va ...