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Barchart
Barchart
Mohit Oberoi

2 Standout Magnificent 7 Stocks to Buy for 2024

Amazon Meta Nvidia NVDA Reels AAPL Apple Tesla Inc.

Life has come full circle for tech stocks. After being the worst-performing S&P 500 Index ($SPX) subsector in 2022, tech is so far the best-performing sector this year. The steep rally in tech stocks led to a massive rally in the Nasdaq Composite ($NASX) in the first half of 2023, which was eventually its best start to the year in four decades.

Amid the rally, the combined market cap of Nasdaq constituents soared by a whopping $4 trillion in the first half of 2023. Several other milestones were reached this year, as well. While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies.

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