But not all Magnificent Seven members had a banner year. Microsoft only climbed 14%, underperforming the broader market. And for a moment, it even looked like the Magnificent Seven might lose members.

Just one of the stocks outperforming the S&P 500 comes from the "Magnificent Seven" tech cohort with Meta's (META) almost 23% rise outpacing the roughly 4% return for the benchmark index this year.