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Barchart
Barchart
Sushree Mohanty

Can This 'Magnificent 7' Underperformer Climb As High As It Did Last Year?

Elon Musk Company Alphabet Amazon Apple Meta Microsoft Nvidia Tesla Inc. United States

The "Magnificent Seven" group of stocks includes a lineup of seven leading U.S. technology companies: Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Tesla (TSLA), Google's parent company Alphabet (GOOGL), Meta Platforms (formerly Facebook) (META), and Nvidia (NVDA). The artificial intelligence (AI) revolution has resulted in rapid growth for the majority of these names.

Though the Mag 7 group's gains this year are not as impressive so far as they were in 2023, the majority have seen their share prices rise significantly in comparison to the S&P 500 Index's ($SPX) 6.9% gain:

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