The stocks known as the Magnificent Seven, including Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta, have collectively surged 75% in 2023, while the rest of the S&P 500 has risen 12%. These stocks now represent about 30% of the S&P 500’s market value, approaching the highest-ever share for any seven stocks. Big Tech's outperformance is evident, with the Magnificent Seven making up nearly 30% of the S&P's entire value, while the rest of the index has gained 12%. Small-cap stocks have been overshadowed by the Magnificent Seven's performance, leading to discussions about their potential in 2024.
Small-cap stocks got trounced by the Magnificent 7 this year. Here's the case for them to explode higher in 2024. https://t.co/lcgpKJBDyN
Five Stocks That Might Beat the Magnificent Seven in 2024 https://t.co/XAQ9KXbWbF
There’s More to the Rally Than 7 Stocks. What That Means for 2024 https://t.co/2Dt7mrwlRP
The Magnificent 7’s outperformance this year couldn’t be clearer. $NVDA $AAPL $AMZN $MSFT $TSLA $GOOG $META @ycharts https://t.co/IsulPCok6N
Big tech is finishing out the year strong. The Magnificent Seven — i.e., @Apple, @Microsoft, @Alphabet, @Amazon, @Nvidia, @Tesla, and @Meta — have collectively watched their stocks soar by 75% this year, per The @WSJ ! On to 2024!!! https://t.co/m8XsroMZJZ
The Magnificent Seven now make up nearly 30% of the S&P's entire value The group has surged 75% this year, while the rest of the index has gained 12% Big Tech keeps carrying the team https://t.co/BiiWgx9A6i
Collectively, the stocks known as the Magnificent Seven have jumped 75% in 2023, while the other 493 companies in the S&P 500 have risen 12% https://t.co/BsawecFnYe https://t.co/BsawecFnYe
Collectively, the “magnificent 7” - Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta - have jumped 75% in 2023. These stocks now represent about 30% of the S&P 500’s market value, approaching the highest-ever share for any seven stocks. https://t.co/87dffo7fFt