The “Magnificent Seven” is the term used to describe seven high-flying technology stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Together they contributed to over half of the S&P 500’s 26% return in 2023.
These seven stocks returned a whopping 111% in 2023 alone. Enthusiasm surrounding Artificial Intelligence (Ai) and other technological advancements contributed to the rally.
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