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Kiplinger
Kiplinger
Business
Tom Taulli

What Are the Magnificent 7 Stocks?

Apple Nvidia Tesla Inc. Alphabet Google Meta Sam Altman Amazon Amazoncom AWS
Red, gold and black shiny balloons floating.

Bank of America strategist Michael Hartnett coined the term "Magnificent 7" stocks for the most dominant tech companies. The group is made up of mega-cap stocks Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Meta Platforms (META), Tesla (TSLA) and Nvidia (NVDA). 

In 2023, the Magnificent 7 stocks logged an impressive average return of 111%, compared to a 24% return for the broader S&P 500.

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