According to a new report, the Magnificent Seven stocks might be not-so magnificent in 2025. Amazon, Apple, Google, Meta, Microsoft, Nvidia, and Tesla have been the driving force behind the S&P 500’s 57% rise over the past two years, accounting for more than half of that gain. But that impressive run might be coming to an end. Goldman Sachs’s 2025 forecast suggests these stocks have been trading around fair value, meaning to keep their momentum going, they’ll need to keep growing at exceptional rates. Normally, beating revenue expectations is a win for any company, but for these seven, it’s not enough anymore. Investors expect them to blow past forecasts every time. In 2023, these seven stocks saw a 76% return, while the rest of the market only saw 14%. That’s a massive 62-percentage-point difference. As of last week, the gap had narrowed to 22 points, and Goldman predicts it could shrink to just seven points in 2025 as earnings growth cools.