Magnificent Seven no longer a monolith as performance continues to diverge

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The Magnificent Seven stocks are no longer a market monolith. After driving the bulk of the S&P 500 index’s 2023 advance, the group of seven megacap companies — typically defined as Nvidia Corp. NVDA, Apple Inc. AAPL, Alphabet Inc. GOOGL, Microsoft Corp. MSFT, Tesla Inc. TSLA, Meta Platforms Inc. META and Amazon.com Inc. AMZN — have seen their performance diverge in 2024. The…

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