What You Need to Know
What Are the Magnificent Seven?
“Magnificent Seven” was originally a reference to a 1960 Western film, “The Magnificent Seven,” which was directed by John Sturges and depicts a group of seven gunmen. In the world of finance, the term has been repurposed to reference a group of seven high-performing and influential stocks in the technology sector, borrowing from the meaning of a powerful group.
Bank of America analyst Michael Hartnett coined the phrase in 2023 when commenting on the seven companies commonly recognized for their market dominance, their technological impact, and their changes to consumer behavior and economic trends: Alphabet (GOOGL; GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft…
