This year, one of the better performers among the Magnificent 7 has been Meta Platforms Inc. (NASDAQ: META). Its shares have outperformed the broader market and are currently up 46.6% in the past six months, and they hit an all-time high of $796.25 in August. For comparison, other Magnificent 7 members have fared worse. Look no further than Amazon.com Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL), which are down 0.7% and up 2.5%, respectively, since the beginning of the year.

Furthermore, strong first-quarter and second-quarter earnings reports lend credence to the claim that Meta will continue to outshine its competitors over the next year. That belief has been bolstered by its recent…