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Meta and Alphabet Stocks Are Soaring, Leaving Apple in Their Dust

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The Magnificent Seven Big Tech stocks have been largely responsible for 2023’s market rally. Yet some of those are more spectacular than others.

The tech-heavy Nasdaq Composite was leading the market’s gains on Wednesday, with a 0.5% rise in late morning. All seven of this year’s stars—Apple , Amazon.com , Alphabet , Meta Platforms , Microsoft , Nvidia , and Tesla —were up.

Alphabet, which has climbed more than 7% this month and more than 59% year to date, is on track for its highest close since April 5, 2022, or a year and a half ago. It is the fifth best performer in the Nasdaq 100 on Wednesday, and is up more than 68% since the 52-week low reached on Nov. 3, during last year’s tech-led bear market selloff.

Other tech names are doing similarly well, if not on such a grand scale. Palo Alto Networks has climbed every day for the past seven days, its longest winning streak since June, to reach a record high. The stock is up almost 86% this year.

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