Financial analysts are replacing the "Magnificent 7" tech grouping with a new set of 10 companies called the "FAB 10" this month [1].
This shift reflects a broadening investment landscape where frontier AI and commercial space exploration now drive market growth more than the previous mega-cap cluster [2].
The new grouping, which Vanda Research identifies as the Frontier AI & Big Tech 10, incorporates original tech giants alongside SpaceX, OpenAI, and Anthropic [1]. This transition follows the public debut of SpaceX in June 2026 [3].
While some market observers argue the original Magnificent 7 is dead [2], others suggest the group is simply taking a breather during 2026 [4]. Data shows the Magnificent 7 index is up 10 percent year-to-date, while the Nasdaq-100 has risen 21 percent [4].
Nvidia continues to lead the new FAB 10 with a market capitalization of $4.95 trillion [2]. The inclusion of AI firms like OpenAI and Anthropic marks a transition from general big tech toward specialized frontier technology.
"The Magnificent 7 is fading not because its members are failing but because the opportunity set expanded to include OpenAI, SpaceX, and Anthropic," the MSN editorial team said [2].
Investors are now encouraged to look beyond the traditional seven stocks to capture the growth of these emerging players. One analyst said that "the ink hasn't even dried" on the newly printed acronym [3].
"It could be time for investors to embrace the FAB 10 — what Vanda Research calls the Frontier AI & Big Tech 10," the AOL editorial team said [1].
“"The Magnificent 7 is fading not because its members are failing but because the opportunity set expanded."”
The transition from the Magnificent 7 to the FAB 10 signals a structural change in how Wall Street perceives the tech sector. By integrating SpaceX and frontier AI labs, the market is acknowledging that the next phase of economic growth is tied to the commercialization of space and generative AI rather than just software and hardware ecosystems. This shift suggests that diversification within the tech sector is becoming necessary as the drivers of value move toward specialized, high-frontier industries.
