Wall Street is shifting its focus from the "M7" group of Big Tech firms to a new set of AI suppliers dubbed the "P7," as investors prioritize companies converting AI spending into revenue. While Meta and Tesla posted negative returns this year, SanDisk surged more than 430%, Dell 247%, and Micron 208%. The M7—Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta, and Tesla—saw average annual share-price gains of 111.3% in 2023, 60.2% in 2024, and 22.4% in 2025, but performance has diverged sharply this year. According to the New York Stock Exchange, as of the 6th, Meta had fallen 10.5% from the end of last year, and Tesla 28.9%, while Amazon rose just 17.9%. The "P7 (Parabolic 7)," proposed in June by Ben Emons, chief investment officer of FedWatch Advisors, groups SanDisk, Marvell, Micron, Intel, Dell, AMD, and Broadcom. These firms supply memory, AI chips, custom chips, network equipment, and servers, acting as "suppliers" that absorb Big Tech's AI investment as earnings. Market capitalization rankings have shifted, with Meta and Tesla slipping to 10th and 11th in the world at $1.502 trillion and $1.261 trillion, respectively, while