Meta has leapfrogged Nvidia to become the top-performing Magnificent Seven stock of the year as Wall Street cheered the tech giant's first-ever dividend. The latest moves came after Meta, Amazon and Apple posted their latest results on Thursday night. Meta, which owns Instagram as well as Facebook and WhatsApp, has been the stand out performer as far as investors are concerned. But it was Meta's dividend announcement that seemed to excite Wall Street most this week. Meta is the fourth member of the Magnificent Seven to start a payout after Microsoft, Apple and Nvidia.

Source: Daily Mail February 02, 2024 21:54 UTC