NewTimeSpace News: Under the impact of AI, U.S. technology stocks have performed poorly recently, with the downturn gradually spreading from software to semiconductor and other technology companies. At 9:44 a.m. on February 6, 2026,Csop Mag Seven Etf(03454.HK) opened down nearly 4%.

Hong Kong Stock Exchange data shows thatCsop Mag Seven Etf(03454.HK) is an exchange-traded fund (ETF) listed in Hong Kong by CSOP Asset Management, tracking the performance of the Solactive US Magnificent Seven Index (comprising Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla).

The fund offers one-click exposure to the U.S. Magnificent Seven—Microsoft, Apple, Nvidia, Google, Amazon, Tesla, and Meta—with a 20% weight cap and quarterly rebalancing. Since its base date at the end of 2014, the index has delivered an annualized return of approximately 21%, with volatility higher than the S&P 500 but lower than pure semiconductor indices. It is the only tool-based product in the Hong Kong market dedicated exclusively to the Magnificent Seven. (Data source: Wind)

On the news front, AI startup Anthropic recently released an AI legal plugin for its AI assistant Claude Cowork. Although the product's practicality remains to be proven, concerns that such tools could eventually automate a significant portion of internal work within companies and impact the data industry and professional services sector have led to consecutive declines in software-related stocks this week.

Ed Yardeni, President of Yardeni Research, stated that AI is making competition in the technology sector increasingly fierce. Software stocks have been hit hard by new tools launched by Anthropic for its products. While the practicality of these new tools remains to be verified, investors have already decided to downgrade valuations for software stocks.

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