Key Factors
The Magnificent Seven shares drive the tech surge with AI and progressive tendencies in 2023.
Invesco QQQ ETF gives a gateway to those high tech giants.
The seven shares embody Microsoft, Apple, Amazon, Meta Platforms, Alphabet, Tesla, and Nvidia
5 shares we like higher than Meta Platforms
Transfer over FAANG, there’s a brand new and improved basket of shares main the way in which: The ‘Magnificent Seven.’
Earlier this 12 months, Financial institution of America’s Michael Hartnett dubbed a bunch of high shares the “Magnificent Seven”. These international main firms give attention to tech tendencies like AI, cloud computing, on-line gaming, and progressive {hardware} and software program.
Expertise shares have been the rally’s main beneficiary and driving power this 12 months, and that pattern appears set to proceed subsequent 12 months. Synthetic Intelligence has been a big theme of 2023 and can solely develop extra outstanding in 2024. The magnificent seven are all technology-driven AI powerhouses in their very own proper and positioned to profit from the following technology of AI. 
However how can an investor acquire publicity to all seven shares with out shopping for each individually? Properly, right here’s  an outline of the magnificent seven shares and one ETF which gives entry to all seven shares and additional diversification:
How one can acquire publicity to the Magnificent Seven
The Invesco QQQ ETF NASDAQ: QQQ, up a whopping 53% year-to-date, is a wonderful possibility for buyers in search of portfolio diversification, entry to the Nasdaq-100 Index, and the potential development of outstanding international tech firms.
And in case you’re questioning how a lot publicity you’ll get to the seven shares, nicely, look no additional than the ETF’s high holdings:

Seven of the eight high holdings within the ETF are members of the so-called Magnificent Seven. Right here’s what you must learn about each:
Microsoft NASDAQ: MSFT
Microsoft, the world’s largest software program firm, is famend for Home windows, Azure cloud companies, LinkedIn, Workplace suite, and Xbox gaming. In 2023, its acquisition of Activision Blizzard and progressive AI developments with OpenAI garnered vital consideration. 12 months-to-date, the software program large is up over 55% and has projected earnings development of 14.11%.
Apple NASDAQ: AAPL

Amazon.com NASDAQ: AMZN
Amazon is a significant international participant in on-line retail, cloud companies, and digital leisure. Notably, its acquisition of Complete Meals and the introduction of Amazon Prime, providing Prime Video and expedited free delivery, mark key strategic pivots for the corporate. Impressively, Amazon has projected earnings development north of 36% and is without doubt one of the most upgraded shares by analysts.
Meta Platforms NASDAQ: META
Meta Platforms controls outstanding social media and messaging networks like Fb, WhatsApp, Messenger, and Instagram. Meta is a dominant power in internet advertising, with over 3 billion each day energetic customers throughout its platforms by September 2023. Shifting from a social media focus to developing the metaverse, the corporate rebranded from Fb to Meta Platforms in 2021. 12 months-to-date, shares of META are up a staggering 194%.
Alphabet NASDAQ: GOOGL
Alphabet, a worldwide tech agency and Google’s mother or father firm oversees YouTube, Waymo, Mandiant, and numerous tech subsidiaries. Its key ventures contain on-line and cell search, promoting, cloud companies, and app gross sales. Holding over 90% of the worldwide search market, Alphabet leads in on-line search. Moreover, Google’s Bard AI chatbot competes prominently with ChatGPT.
Tesla NASDAQ: TSLA
Tesla pioneers electrical autos, driver help tech, and renewable power items. Dominating U.S. EV gross sales, it is helmed by the charismatic and contentious CEO Elon Musk, amassing a loyal following. Though its inventory has surged by over 100% year-to-date, it’s at the moment one of many lowest-rated and most downgraded shares. 
Nvidia NASDAQ: NVDA
Nvidia focuses on top-tier graphics and cell processors for numerous units. Among the many Magnificent Seven, its distinctive efficiency shines, boasting a powerful 235% acquire year-to-date. Nvidia’s processors excel in on-line gaming and cryptocurrency mining, but its main attract in 2023 lies in dominating the AI chip market. Analysts are bullish on the inventory, inserting a average purchase score and forecasting an upside of over 22%. Earlier than you take into account Meta Platforms, you may wish to hear this.MarketBeat retains observe of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their purchasers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Meta Platforms wasn’t on the checklist.Whereas Meta Platforms at the moment has a “Reasonable Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.View The 5 Shares Right here MarketBeat’s analysts have simply launched their high 5 brief performs for January 2024. Study which shares have essentially the most brief curiosity and tips on how to commerce them. Click on the hyperlink beneath to see which firms made the checklist.Get This Free Report