Could the Magnificent Seven Be Losing the Earnings Growth Lead?

Is the market approaching a potential shift away from the Magnificent Seven?
According to Paisit FWD, based on Q4 earnings guidance, this could be the first time since 2022 that earnings growth among the Mag 7 is slowing while the other 493 companies in the S&P 500 are accelerating.
The comparison raises questions about whether market leadership could broaden beyond the biggest technology stocks. As Paisit noted, investors should remember what happened in 2022.