Guess Which Group of Stocks Is Back at an All-Time High?
The "Magnificent Seven" ETF finally topped the record high it set in May.
Overview
After trading sideways to down for several months, the "Magnificent Seven" group of megatech stocks is back at an all-time high.
That's as measured by the Roundhill Magnificent Seven ETF (NYSEMKT: MAGS), which offers investors equal-weight exposure to the Magnificent Seven stocks. Last week, the ETF's price finally topped its prior record high, set back in May 2026. It now stands at a new record, about $72.20.
Details
That new high is due to significant gains among several Magnificent Seven stocks. AI chipmaker Nvidia (NASDAQ: NVDA) is up about 21% this year, and iPhone manufacturer Apple (NASDAQ: AAPL) has climbed 24%. Meta Platforms (NASDAQ: META) has matched the broader market's performance, up about 13% this year.
Source
Originally published at www.fool.com.