Key Points Microsoft's cloud growth in its recent quarter was an encouraging sign that its high spending was paying off. Amazon's business is becoming one of the most diversified in the tech world. Microsoft and Amazon plan to spend $175 billion and $220 billion in their respective fiscal years. These 10 stocks could mint the next wave of millionaires › The "Magnificent Seven" stocks are Nvidia, Apple , Microsoft (NASDAQ: MSFT) , Amazon (NASDAQ: AMZN) , Alphabet , Meta Platforms , and Tesla . The group became known as the Magnificent Seven in 2023, when they drove much of the broader market's gains. Even today, they account for a third of the S&P 500 , so their performance influences a lot.
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