What Are The Magnificent 7 Stocks? Why Do They Dominate The Market?

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The Magnificent Seven stocks are a group of seven high-profile stocks in the technology sector that have delivered outstanding returns in the last few years. Bank of America analyst Michael Hartnett coined the phrase, borrowing the name from a 1960 Western movie depicting a group of seven gunslingers hired to defend a Mexican village from a band of outlaws. The Magnificent Seven stocks include some of the most valuable companies in the World that benefit from secular technology growth trends like cloud computing, artificial intelligence (AI), spatial computing or electric vehicles (EVs). What …

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