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The NASDAQ index has risen 24% year-to-date and is hovering near record highs following a summer lull. Once again, the rally has been powered largely by the ‘Magnificent 7’ – a select group of mega-cap tech stocks that have soared to stratospheric valuations in recent years. This group includes the six largest stocks trading on Wall Street – Apple, Nvidia, Microsoft, Alphabet, Amazon, and Meta – as well as Elon Musk’s Tesla. Together, these companies have been leaders in innovation, especially o...

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