Key Points The "Magnificent Seven" stocks are mostly trading at premium valuations. Meta Platforms is by far the cheapest stock of the group on a forward price-to-earnings basis. Investors are growing concerned about Meta's massive spending on artificial intelligence infrastructure. 10 stocks we like better than Meta Platforms › Back in 2023, a Bank of America analyst named Michael Hartnett coined a new phrase to describe a group of leading tech companies that were driving the action in the U.S. ...