Forget the “Magnificent Seven.” Instead, Look at the “Fab Four.”
From Nasdaq: 2024-04-03 08:30:00
In 2023, technology stocks, including the “Magnificent Seven,” led the Nasdaq Composite to gains of over 111%. However, in 2024, a report suggested a subset of the original seven, now called the “Fab Four,” were outperforming. This group includes Nvidia, Meta Platforms, Amazon, and Microsoft, each excelling in AI and cloud computing. Stocks like Tesla, Apple, and Alphabet have lagged due to various challenges, while the Fab Four continue to thrive. Despite this, these stocks remain relatively inexpensive compared to the broader market.
Read more at Nasdaq: Forget the “Magnificent Seven.” Instead, Look at the “Fab Four.”