Investors can continue to rely on the strength of a small group of tech stocks through at least the end of this year, according to Wolfe Research. The "magnificent 7" or "big 7" are the megacap tech stocks that drove the narrow market rally in the first half of 2023, such as Apple and Nvidia .
mountain Nvidia's stock price has tripled in 2023. The Big 7 have even outperformed during times of market stress. Over the past month, the S & P 500 has dropped more than 2%, but the Magnificent 7 are up 0.5%. — CNBC's Michael Bloom contributed reporting.
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