In recent years, some investors have made the argument that the “Magnificent 7” stocks in the tech sector are all you need to tap into long-term gains. This list of mega-cap leaders includes Microsoft Corp. (ticker: MSFT), Apple Inc. (AAPL), Google parent Alphabet Inc. (GOOG, GOOGL), Amazon.com Inc. (AMZN), Facebook parent Meta Platforms Inc. (META), Nvidia Corp. (NVDA) and Tesla Inc. (TSLA). Collectively, those seven stocks add up to almost $20 trillion in market value – more than a third of the S&P 500’s total footprint.
Recently, Goldman Sachs analysts have made the argument that the Magnificent 7 is getting a bit stale as a group, however. Instead, they say the real opportunity lives in the so-called “Prom 10” of China. This list of 10 prominent leaders in the nation feels familiar to the Mag 7, in that the Prom 10 is tech-heavy and focused on similar applications like electric vehicles (EVs), artificial intelligence and digital commerce.
So, what stocks are in the Prom 10? Here’s the list, and a short rundown for those unfamiliar with some of these leading China stocks.
This post originally appeared at U.S. News & World Report.