From Nasdaq:

The “Magnificent Seven” stocks have proven to be some of the best and brightest growth investments over the past year including Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. If you’d invested $1,000 into each of these seven stocks ($7,000 total) seven years ago, today your total investment value would be approximately $56,019, generating a return of 700%.

While these big-name stocks were already popular seven years ago, they’ve all generated massive growth and become even more prominent stocks today. Tesla has been the biggest winner with consistent profits. Nvidia is a promising growth stock today, and all six have seen strong growth with strong industry positions.

According to the data, Tesla’s stock return is the most impressive, multiplying 11-fold since 2017. Microsoft is not far behind, and Apple, Amazon, and Alphabet also had significant increases. By comparison, investing $7,000 into the S&P 500 over the same time period would have only generated an investment value of $15,070.

Investing in the top growth stocks in the world is generally a good idea, and buying all these leading stocks can mitigate risk and lead to strong returns. These top companies continue to pursue growth opportunities and can expand significantly. This proves that it’s never too late to invest in well-known, established companies.

If you’re considering buying stock in Nvidia, keep in mind that it wasn’t among the Motley Fool’s 10 best stocks for investors to buy now. The Motley Fool Stock Advisor service provides guidance, including regular updates and two new stock picks each month, and has more than tripled the S&P 500 return since 2002.

The data and opinions expressed are the author’s and do not necessarily reflect those of Nasdaq, Inc.



Read more: Here’s How Much Money You’d Have if You Invested $7,000 in the “Magnificent Seven” in 2017