• In today’s CEO Daily: Diane Brady reports on what’s next for the Magnificent 7. • The big story: Fed Day fallout. • The markets: Mixed, with U.S. stocks poised to open lower. • Plus: All the news and watercooler chat from Fortune.

Good morning. What do business leaders predict next year for the Magnificent 7? They know all too well how Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla have delivered more than half of the S&P 500’s gains in recent years, setting a high bar for everyone else to clear. But things change: One minute, Alphabet is behind the curve on AI and then Google’s latest Gemini launch sparked a ‘Code Red’ from ChatGPT’s Sam Altman.

Earlier this week, while speaking with former Cisco CEO John Chambers about his tech predictions for the year ahead, our di

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