Cboe Expands Magnificent 7 to Magnificent 10 Index with AMD, Broadcom and Palantir Additions
Cboe and Benzinga are launching the Magnificent 10 Index, expanding beyond the original seven tech giants to include AMD, Broadcom and Palantir, providing investors with broader exposure to leading technology companies driving market growth.
Cboe and Benzinga will host a virtual webinar on November 13 to introduce the Cboe Magnificent 10 Index (MGTN), expanding the popular Magnificent 7 framework with the addition of Advanced Micro Devices Inc. (AMD), Broadcom Inc. (AVGO) and Palantir Technologies Inc. (PLTR). The new index represents a significant evolution in tracking U.S. large-cap technology stocks that drive overall market growth, offering investors a more comprehensive benchmark for the technology sector.
The webinar, scheduled from 11 a.m. to 12 p.m. ET, will feature Henry Schwartz, Vice President of Derivatives Market Intelligence at Cboe, and Gianni DiPoce, analyst and contributor at Benzinga. They will provide insights into the design and methodology behind the MGTN Index, explaining why Cboe decided to expand beyond the original seven companies and how this thematic, equal-weighted index enables efficient exposure to growth leaders in the technology space.
Investors attending the session will learn about the upcoming launch of options and futures on MGTN, including the ability to trade these derivative products 24 hours a day, five days a week. The expansion to include AMD, Broadcom and Palantir reflects the changing landscape of influential technology companies, particularly as artificial intelligence stocks gain prominence in market leadership. The index aims to capture the pulse of the most significant U.S. large-cap technology stocks driving overall growth.
The event will conclude with a live Q&A session where attendees can submit questions directly to Schwartz and DiPoce about MGTN's methodology, the importance of AI stocks to the index composition, and strategies for leveraging options and futures on MGTN. The webinar is designed for both veteran tech investors and newer market participants seeking efficient exposure to the most influential stocks in today's markets. Additional information about the event and registration details can be found at https://www.benzinga.com.
The Magnificent 10 Index represents a strategic response to the evolving technology sector, where companies beyond the original seven have demonstrated significant market influence and growth potential. By incorporating AMD, Broadcom and Palantir, the index provides a more nuanced view of technology leadership, particularly in areas like semiconductor manufacturing, enterprise software, and artificial intelligence applications that are reshaping global markets.