Meta Platforms and Alphabet are supercharging their businesses with artificial intelligence.

Back in 2023, Bank of America analyst Michael Hartnett first applied the nickname the " Magnificent Seven " to a group of tech powerhouses that were standing out for their size and recent trend of outperforming the broader market. The rest of Wall Street quickly picked up the phrase. Those companies and their current market caps are:

Nvidia : $4.4 trillion

Microsoft : $3.7 trillion

Apple : $3.3 trillion

Alphabet ( GOOG 0.56% ) ( GOOGL 0.63% ) : $2.5 trillion

Amazon : $2.4 trillion

Meta Platforms ( META -1.69% ) : $1.9 trillion

Tesla : $1.1 trillion

All are leaders in their segments of the technology sector, and each is now investing heavily in artificial intellig

See Full Page