Mega-cap growth stocks continue to dominate the broader market and contribute the bulk of gains in the major indexes like the S 500 and Nasdaq Composite. But the sheer value of some of the largest companies might surprise you.

The "Magnificent Seven" is a term coined by Bank of America analyst Michael Hartnett to describe seven industry-leading tech-focused companies: Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA).

These seven companies are now so valuable that they make up a combined 35.5% of the S 500. Here's what these changing market dynamics mean for the stock market and how to position your portfolio in a way that matches your risk tolerance and helps you achieve your investment objectives.

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Source Fool.com