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With the rise of artificial intelligence (AI), the "Magnificent Seven" stocks might now officially be the most talked-about companies in the stock market. Bank of America analyst Michael Hartnett included the seven renowned American tech giants - Apple (AAPL), Amazon (AMZN), Alphabet (Google's parent company) (GOOGL), Meta Platforms (META) (formerly Facebook), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) - in this list.
Though the AI wave has accelerated the growth of these companies since last year, causing their stocks to skyrocket, AI isn't the only reason to like them. Over the last few years, these seven have represented innovation and profitability, while maintaining their strong market position.