Bank of America analyst Michael Hartnett awarded the title of “Magnificent 7,” or Mag 7, to an elite group of seven high-performing U.S. technology companies. These seven stocks have significantly boosted the stock market in recent years. This group includes Apple (AAPL), Meta Platforms (META) (formerly Facebook), Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), and Tesla (TSLA). These seven companies have benefited from trends in cloud computing, artificial intelligence (AI), electric vehicles (EVs), digital advertising, and other growth areas, and they are regarded as tech i…