Last year was a banner year for the so-called “Magnificent Seven” stocks. These industry leaders were among the top performers in the Nasdaq Composite in 2023, helping the tech-centric index push out of its slump and notch gains of 43% for the year. It now sits about 4% below a new all-time high, which will mark the final criteria signaling the arrival of the next Nasdaq Composite bull market. Here’s a breakdown of how the group performed in 2023:
- Nvidia(NASDAQ: NVDA): Up 239%
- Meta Platforms: Up 194%
- Tesla(NASDAQ: TSLA): Up 102%
- Amazon(NASDAQ: AMZN): Up 81%
- Alphabet: Up 58%
- Microsoft: Up 57%
- Apple: Up 48%
Despite these average-busting performances, some believe additional upside remains. In fact, a trio of Wall Street analysts suggest that three of these stocks still have upside potential of…
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