The "Magnificent Seven" stocks are popular among investors right now. This group focuses on tech stocks that are cashing in on huge trends such as artificial intelligence (AI) and the shift toward digital workflow. These trends could lift the results of businesses like and Apple (two members of the Magnificent Seven) for years and potentially decades to come.

Yet buying into these stocks is a risky proposition. Most of them have rallied in the past year and are trading near all-time highs. That performance may raise concerns that you'll purchase the shares right before a downturn. There's always the chance that the stock you pick will underperform its peers, as well.

Instead, consider owning an exchange-traded fund (ETF), which would reduce these diversification risks. The Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG) is a great way to gain exposure to members of the Magnificent Seven without the hassles involved with putting together your own portfolio of tech giants.

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Source Fool.com