The Magnificent Seven stocks are slightly down, while Nvidia is on the rise.

Investing.com -- The group of stocks known as the Magnificent Seven is experiencing a slight decline in pre-market trading on Thursday. In contrast, Nvidia shares are showing an upward trend in early trading.

Among the movements in the Magnificent Seven, Nvidia increased by 0.5%. Meanwhile, Alphabet (NASDAQ: GOOGL) and Meta are experiencing declines of less than 0.5%. Tesla, Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT) shares remained largely unchanged. The Bloomberg Magnificent 7 index, which tracks these stocks equally, has recorded a decline of approximately 13% this year, following a significant 67% increase projected for 2024 after doubling in value in 2023.

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