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Investor's Business Daily

Investor's Business Daily

The Magnificent Seven stocks live up to their name in 2023 with big gains

Investor's Business Daily
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Apple , Microsoft , Google parent Alphabet , Amazon , Amazon.com , Nvidia , Meta Platforms and Tesla live up to their name in 2023 with big gains.

Most of the Magnificent Seven stocks boasted solid gains in the final month of 2024 .

The tech giants hold disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.

But Chief Executive Mark Zuckerberg pledged to keep up the company's big spending on artificial intelligence and the metaverse. Alphabet Bounces Alphabet (GOOGL) gained 2% Wednesday , further above the 50-day line. In recent weeks , the stock dived below its 50-day line after the U.S. Department of Justice proposed a breakup of the tech giant's Google search business. On Oct. 29 , Alphabet reported third-quarter earnings and revenue that topped Wall Street targets as artificial-intelligence infused internet search showed signs of boosting the core advertising business. YOU MAY ALSO LIKE:.