Led by Nvidia, with company revenue more than doubling to $30 billion, up 122% year-on-year, tech stocks have generally outperformed in recent quarters. It goes without saying that excitement regarding AI is partly driving this extraordinary performance. The Magnificent Seven, a group of stocks that picked up the US market leader baton from the FAANGs, now display much stronger expected earnings growth than was anticipated by the broader market.

Magnificent Seven stocks long-term EPS growth dynamics, I/B/E/S median estimate of future 5-year historic EPS growth, as per cent