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Move Over, FAANG: 1 Unstoppable 'Magnificent 7' Stock to Buy Right Now

TheMotleyFool

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Move Over, FAANG: 1 Unstoppable 'Magnificent 7' Stock to Buy Right Now: https://g.foolcdn.com/editorial/images/749668/a-person-looking-at-server-hardware-while-holding-a-laptop-computer.jpg

The FAANG acronym was coined by CNBC personality Jim Cramer in 2017, and it references a group of five technology stocks that tend to consistently outperform the broader market:

While all of those stocks remain solid investments, the market's leadership evolved thanks to new technologies like artificial intelligence (AI). This year, Bank of America analyst Michael Hartnett assigned a name to a new group of stocks investors have focused on. It's called the "Magnificent 7" and it includes seven of the benchmark S 500 index's top performers in 2023:

Magnificent 7 Stock

Source Fool.com

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