From Nasdaq:



The “Magnificent Seven” (Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms) are responsible for 76% of the S&P 500’s 2023 rise and represent a collective $11.5 trillion in market value. Goldman Sachs predicts that these seven stocks will outshine the remaining 493 stocks in the S&P 500 in 2024. Factors for their expected solid performances in 2024 include the unstoppable AI boom, bright prospects in cloud computing, solid fundamentals, and still attractive valuation. However, Tesla may face challenges in reduced market share. Several ETFs are available for investors to play these stocks.



Read more: Magnify Gains in 2024 With “Magnificent Seven” ETFs