Fate of the Mag 7 depends on their ability to deliver rapid revenue growth in 2024, says Goldman Sachs

Early futures trading suggests Wall Street will start the week on a cautious note with the S&P 500 consolidating after closing the previous session at yet another record, powered by big tech.Can this dynamic continue? For David Kostin, chief U.S. equity strategist at Goldman Sachs, the answer depends primarily on the ability of the Magnificent 7 — Alphabet GOOG, +0.58%, Amazon.com AMZN, +7.87%, Apple AAPL, -0.54%, Meta Platforms META, +20.32%, Microsoft MSFT, +1.84%, Nvidia NVDA, +4.97% and Tesla TSLA, -0.5 ...