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Karen Maley

After a stellar 2023, is time up for the Magnificent Seven?

The giant technology stocks – from Apple and Amazon to Meta and Tesla – drove US markets sharply higher last year. But are they beginning to lose their lustre?

Karen MaleyColumnist
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Will the Magnificent Seven – the select cluster of the world’s largest technology companies – lose some of their sheen in 2024?

Certainly, some analysts are predicting a more lacklustre performance from the septet – which consists of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla – after their stunning performance last year, when their share prices surged some 70 per cent.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/after-a-stellar-2023-is-time-up-for-the-magnificent-seven-20240103-p5euv1