This year’s stock market sell-off has been dramatic, but it also contains almost all of the same characters that have featured in the biggest market disruptions we’ve seen over the last two years.

Both on the way up and now, the way down.

During Monday’s market rout, shares of Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Apple (AAPL), and Microsoft (MSFT) all fell, with Tesla falling a whopping 15% to lead losses.

It marked the latest sign that the so-called “Magnificent Seven” tech stocks that drove the S&P 500 to back-to-back 20% gains over the past two years have now become the “lag seven,” according to T. Rowe Price science and technology portfolio manager Tony Wang.

Whether stocks are going up or down these days, it seems, it’s all one big AI trade.