Broadcom and Oracle's Blowout Earnings Just Proved Why It's Time to Forget the "Magnificent Seven"

Broadcom (NASDAQ: AVGO) and Oracle (NYSE: ORCL) just delivered exceptional earnings reports and guidance that sent both tech stocks to all-time highs. Over the last five years, Broadcom is up over 925% and Oracle is up over 475% -- outperforming every "Magnificent Seven" stock (Microsoft, Apple, Alphabet, Amazon, Meta Platforms, Tesla) except one -- Nvidia.The "Ten Titans" provide an update to the Magnificent Seven by adding Broadcom, Oracle, and Netflix to the list. Combined, these three companies have nearly the same market cap as Apple, and are gaining increasing influence in the S&P 500 (SNPINDEX: ^GSPC). In fact, the Ten Titans now make up 39.1% of the index compared to 33.7% for the Magnificent Seven.Beyond the market cap influence of these names, Broadcom and Oracle embody groundbreaking advancements in cloud computing, infrastructure software, and artificial intelligence (AI).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool