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The “Magnificent Seven” tech stocks have been a hot topic lately, thanks to the outsized influence these mega-caps have had on the broader market’s overall returns. The Mag 7 – a lineup that unofficially includes mega-cap names Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), Meta (META), Alphabet (GOOGL), and Tesla (TSLA) \- gained a staggering $5.1 trillion in total market cap during 2023. Collectively, U.S.-listed stocks would have advanced by just 12.6% last year without the Magnificent Seven’s influence, compared to 23.3% with their returns included. Not to be outdone, Europe…

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