2024-04-05 14:30:31 ET
Since the beginning of last year, the group of stocks collectively referred to as the "Magnificent Seven" has helped push the market higher. The combination of industry-leading positions and connections to artificial intelligence (AI) has made this group of high-profile stocks a must-have for many investors. However, since the beginning of 2024, there's been a divergence, and while some members continue to pull their weight, others have fallen short.
With that as a backdrop, social media maven Meta Platforms (NASDAQ: META) climbed 3.1%, e-commerce and cloud pioneer Amazon (NASDAQ: AMZN) rose 3.1%, and electric vehicle (EV) specialist Tesla (NASDAQ: TSLA) tumbled 1.9%, as of 1:45 p.m. ET.
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For further details see:
Why "Magnificent Seven" Stocks Meta and Amazon Rallied Today, While Tesla Stock Tapped the Brakes