The Magnificent Seven: Tech Stocks Dominating the Market in 2024
Big tech stocks, collectively known as the Magnificent Seven (Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Tesla, and Meta Platforms), have surged 75% in 2023, outpacing the remaining 493 companies in the S&P 500, which have only risen 12%. This dominance highlights the market leadership of big tech stocks in the current year.