Since 2022, the market value of the so-called Magnificent Seven (Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia, and Tesla) and other US technological companies has risen dramatically, approaching €20 trillion. Doubts have recently arisen about the sector's true growth and profitability potential, and hence the relationship between current values and profitability forecasts. However, the Bank of Italy feels that the risk to Italian investors is modest. "At the end of the third quarter of 2025", states the Financial Stability Report released by the Central Bank, "less than 1% of the financial assets of Italian investors (households, businesses, financial intermediaries) were directly or indirectly attributable to securities issued by the US technology sector, a share comparable to that of the eurozone as a whole". Approximately three-quarters of this exposure was obtained through investments in mutual fund units. In the non-financial sector, Italian and eurozone enterprises made limited investments in US technology. Within the Italian financial industry, the impact was greater for investment funds (4.1% of financial assets) and insurance and pension funds (3.3%), while it was minor for banks and other financial intermediaries.