Magnificent Seven: Strong Tech Stocks

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Microsoft stock

The Motley Fool

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2 "Magnificent Seven" Stocks to Buy Hand Over Fist in October

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Microsoft and Meta Platforms are due to release their results at the end of October .

The Magnificent Seven is a powerful group of technology companies with a combined market capitalization of $15.7 trillion .

Microsoft invested $1 billion in ChatGPT creator OpenAI back in 2019 and followed that up with a new $10 billion partnership with the start-up early last year .

Meta Platforms plans to spend $40 billion on AI data center infrastructure this year and even more next year .

The company is still cheaper than the Nasdaq-100 index despite its spectacular gain since 2022 .

Meta stock is trading at a P/E ratio of 30.3 right now.

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