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Forget the "Magnificent Seven": Here's How Many Stocks Are Really Beating the S&P 500's Average

TheMotleyFool

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Forget the "Magnificent Seven": Here's How Many Stocks Are Really Beating the S&P 500's Average: https://g.foolcdn.com/editorial/images/760383/income-and-growth-financial-chart.jpg

There's no question that the "Magnificent Seven" dominated the stock market narrative last year. A combination of dirt-cheap valuations in the tech sector and an artificial intelligence (AI) boom ignited by ChatGPT sent investors rushing into tech stocks, especially the sector leaders that are likely to shape the AI revolution.

If you're wondering why the Magnificent Seven earned the name "magnificent," all you have to do is look at their returns. All seven of the stocks beat the S&P 500 (SNPINDEX: ^GSPC) by a wide margin in 2023, and three of them even doubled last year.