Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
Developments in artificial intelligence (AI) and a much-celebrated stock split helped buoy the chipmaker.
Indexes were mixed after initial jobless claims on Thursday. Nvidia fell amid reports that CEO Huang plans to sell some stock.