Magnificent 7 stocks: What they are and why you should care
The Magnificent 7 companies
Let’s look closer at these companies.
Apple Inc. (AAPL)
- Sector. Consumer electronics, software, services
- Core innovations. iPhone, Mac, iPad, Apple Watch, Services (App Store, iCloud)
- Reason for dominance. Apple is the world’s most valuable company, primarily due to its brand recognition and the global dominance of its consumer products. Its services sector, including the App Store and iCloud, has grown to become a crucial part of its business, boosting revenue as hardware sales mature.
Microsoft Corp. (MSFT)
- Sector. Software, cloud computing, AI
- Core innovations. Windows, Azure Cloud, LinkedIn, AI-driven tools like ChatGPT integration
- Reason for dominance. Microsoft is a leader in enterprise software and cloud…
