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The ‘Magnificent Seven’ have certainly proven to be quite magnificent over the last few years. These companies include Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). In fact, the seven largest stocks by market cap on the S&P 500 were pretty much holding up the index, taking up about 30% of the overall index.
So while it looked like the S&P 500 was doing really well, it really came down to these absolutely enormous companies. And that led many investors to have a few worries. So let’s get into what those worries were, and why there’s another TSX tech stock to consider instead.
Worry flurry
The fear was that with the S&P 500 running higher and higher due to the heavy investment in these seven companies, should the companies drop the market could crash. And while that didn’t…
