BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Vanguard ETF Heavily Weighted in ’Magnificent Seven’ Tech Stocks Amid AI Boom
Vanguard ETF Heavily Weighted in ’Magnificent Seven’ Tech Stocks Amid AI Boom
16
3
BTCCSquare news:
The so-called "Magnificent Seven" tech stocks—a Wall Street-coined term for seven dominant companies driving the AI revolution—now comprise 57.7% of the Vanguard Mega Cap ETF (MGK). These firms, collectively valued at $19.7 trillion, have delivered a median return of 163% since early 2023, dwarfing the benchmark index's 67% gain.
Nvidia leads the group as a key supplier of AI infrastructure, with its GPUs powering data centers worldwide. The ETF's concentrated portfolio of 69 stocks offers exposure to these market leaders alongside other U.S. giants, providing a streamlined avenue for investors seeking tech-driven growth.
By:
