2024-04-02 15:31:49 ET
Summary
- The stock prices of tech giants like Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia appreciated by an average of 111% in 2023.
- However, in 2024, these stocks are underperforming compared to their peers, with Apple, Tesla, Alphabet, and Microsoft lagging behind.
- Invesco QQQ Trust ETF has all seven of the Magnificent 7 companies within its Top 10 holdings.
- Investors looking for an alternative investment QQQ can consider VanEck Semiconductor ETF SMH, which continues to grow strongly in 2024.
Stock prices of the “ Magnificent Seven ” tech stocks — Apple ( AAPL ), Alphabet ( GOOGL ), ( GOOG ), Microsoft ( MSFT ), Amazon ( AMZN ), Meta ( META ), Tesla ( TSLA ), and Nvidia ( NVDA ) appreciated an unprecedented average of 111% in 2023. This strong growth compares with the S&P 500 that grew just 26%....
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Moving Out Of QQQ And Into SMH As Magnificent 7 Shrinks