Excitement surrounding breakthroughs in artificial intelligence (AI) have led to major gains in the stock market over the last year. The tech-heavy Nasdaq Composite surged 43% in 2023, and is up 8% already so far this year.

Much of these gains, however, can be attributed to a small cohort of stocks collectively known as the "Magnificent Seven" -- a catchy moniker that includes Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta Platforms, and (NASDAQ: TSLA).

Interestingly, Tesla is the only member of the Magnificent Seven that has had a negative return over the last year, down nearly 11% as of market close on April 5.

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Source Fool.com