The Latest Breaking News from the Magnificent Seven

Seven stocks now determine over a third of the S&P 500's return. With many concerned about an AI bubble, see how this ETF can reduce concentration risk.

On the surface, the headlines largely speak for themselves. In late October, the total market capitalization of the Magnificent Seven — a group of elite tech juggernauts — jumped past the $22.2 trillion level. Leading the surge was semiconductor giant Nvidia Corp. (NASDAQ:NVDA), which crossed the $5 trillion valuation mark…

Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week’s strong sector earnings and broad gains among the Magnificent Seven fueled the rally.

As the market takes a dip, these three Magnificent 7 Stocks are seeing 50-day low prices. Is now the time to add them to your portfolio?