Meet the Magnificent 7 (The Stocks, Not the Cowboys)

Ever heard of the “Magnificent 7 Stocks”?

No, it’s not from a classic Western movie but rather a modern-day ensemble of tech giants reshaping the market.

It all started back in 2013 with the FANG acronym—Facebook, Amazon, Netflix, and Google—coined by Jim Cramer.

Apple joined the crew in 2017, making it FAANG. But the tech landscape has evolved, and a new group has emerged, led by these seven powerhouse companies.

Magnificent 7 Stocks

1️⃣ Microsoft (MSFT)

Microsoft is known for Windows, Xbox, LinkedIn, and Azure cloud, Microsoft’s innovation streak continues with its AI advancements.

Their recent collaboration with OpenAI’s ChatGPT is making waves. Over the past decade, investors have seen a whopping 1,008% return!

2️⃣ Amazon (AMZN)

Amazon started as a bookstore, now a global giant in retail, cloud services, and entertainment. Whole Foods acquisition and Amazon Prime are just a glimpse of their expansions.

The stock’s soared 491% in the last ten years.

3️⃣ Meta Platforms (META)

Formerly Facebook, now Meta Platforms, housing Facebook, WhatsApp, Messenger, and Instagram.

With over 3 billion daily users, it’s a kingpin in online advertising, boasting a 496% stock increase in a decade.

4️⃣ Apple (AAPL)

Apple is the iconic iPhone maker diversified with services like the App Store and wearables, cushioning the slowdown in iPhone sales. Their shares have surged 918% in the last decade.

5️⃣ Alphabet (GOOG, GOOGL)

Alphabet is Google’s parent company dominates search, owns YouTube, Waymo, and delves into cybersecurity. Their 381% return in a decade speaks volumes.

6️⃣ Nvidia (NVDA)

Nvidia is the powerhouse in graphics and AI chips, riding the waves of online gaming and AI. A staggering 11,244% growth in ten years!

7️⃣ Tesla (TSLA)

Tesla is led by Elon Musk, Tesla leads the EV market and explores renewable energy. Its stock has skyrocketed by 1,809% in the last decade.

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☞ Final Thoughts

These companies aren’t just about past glories. Their focus on AI, cloud computing, and cutting-edge tech puts them at the forefront of future innovation.

But, remember, past success doesn’t guarantee future gains. Valuations are sky-high, yet their expertise in high-growth sectors might pave the way for continued success.

With a combined market cap exceeding $10 trillion, these giants might still have more to offer. So, keep an eye on the “Magnificent 7 Stocks” as they shape the future of tech and investing!

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Pavlos Written by:

Hey — It’s Pavlos. Just another human sharing my thoughts on all things money. Nothing more, nothing less.