The "Magnificent Seven" tech stocks have dominated the stock market narrative over the last year, and it's easy to see why.

This group of elite tech stocks, which includes Microsoft, Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Amazon, , Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA), returned more than 100% in 2023, and it's off to a good start in 2024, up 17% on average through March 21.

However, the Magnificent Seven might not be as magnificent going forward. First, the group of tech stocks has already attracted a lot of attention on Wall Street and among retail investors, arguably lifting valuations beyond where they should be. Second, some members of the group don't look as solid as they once did.

Continue reading

Source Fool.com