
The Roundhill Magnificent Seven ETF (BATS:MAGS) surged to an all-time high Thursday morning, powered by blockbuster quarterly earnings from key holdings Microsoft Corp (NASDAQ:MSFT) and Meta Platforms Inc (NASDAQ:META). Here’s what investors need to know.
What To Know: The highly concentrated ETF tracks the performance of the seven stocks colloquially known as the “Magnificent Seven”: Tesla Inc (NASDAQ:TSLA), Apple Inc (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN), Meta and Microsoft.