The "Magnificent Seven" typically refers to the 1960 Western film, but today's stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, NVIDIA NVDA, Meta Platforms META and Tesla TSLA. This group has made the S&P 500 more concentrated than ever, which means this key U.S. equity gauge's further boom or doom depends on these seven stars. At the current level, the S&P 500 ETF — SPDR S&P 500 ETF Trust SPY — invests about 35% in Magnificent Seven stocks. Inside the Winning Attributes of Magnificent Seven Apple dominates over half of the U.S. smartphone market.
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