The “Magnificent Seven” Stocks Have Seen Valuations Tumble. Stocks to Avoid or Once-in-a-Decade Buying Opportunity?
Some members of the group look dirt cheap.
Overview
Several years ago, investors may have only looked at the world's biggest tech stocks individually. In recent years, however, these market behemoths have become part of an unofficial but exclusive group: the "Magnificent Seven," inspired by the 1960 Western.
These stocks are Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA).
Details
These players have led the S&P 500 higher during this artificial intelligence (AI) boom as they each are involved to a certain degree in this high-growth space. In recent months, though, various elements have weighed on AI stocks, and that's brought down valuations of most of these players. At levels that are, in the case of certain "Magnificent Seven" stocks, dirt cheap, is this a once-in-a-decade buying opportunity? Or should you avoid these tech stocks right now?
Source
Originally published at www.fool.com.