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News 2026-07-24 10:30 UTC

Magnificent 7 Payout Ratio Drops to 37%: Fidelity's Jurrien Timmer Asks if it's 'The End of an Era?' as MAGS ETF Falls the Most in 15 Months

The Roundhill Magnificent Seven ETF (BATS: MAGS ) plunged 4.63% on Thursday in its worst single-day drop in 15 months, as aggressive capital spending on artificial intelligence severely pressured big tech balance sheets amid a decline in dividends and buybacks. Big Tech’s AI Capex Squeeze Signals Market Shift Deconstru