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Apple and Nvidia Dominate Mag 7 Stock Performance This Year

Guavy AI Editorial Team
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AAPL AMZN MSFT NVDA
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Stock market analyst Amit Kukreja has highlighted the strong performance of the Mag 7 stocks so far this year. Apple and Nvidia have led the group with gains of 25% and 21%, respectively.

META, Alphabet, Amazon, and Microsoft have also reported positive returns, while Tesla is down 17% for the period.

Kukreja attributes Apple's outperformance to its limited exposure to capital expenditures and Nvidia's strong growth. He has previously suggested that Nvidia could reach $600 per share if it meets its EPS targets by FY 28 and valuation multiples remain strong.

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