Cboe Expands Magnificent 7 to Magnificent 10 Index with Addition of AMD, Broadcom and Palantir

Cboe Global Markets and Benzinga will host a virtual webinar on November 13 at 11 a.m. ET to introduce the Cboe Magnificent 10 Index (MGTN), representing a significant expansion of the popular Magnificent 7 investment paradigm. The new index adds Advanced Micro Devices Inc. (AMD), Broadcom Inc. (AVGO) and Palantir Technologies Inc. (PLTR) to the original seven technology giants, creating a more comprehensive benchmark for U.S. large-cap technology stocks driving overall market growth.

The webinar, led by Henry Schwartz, Vice President of Derivatives Market Intelligence at Cboe, and Gianni DiPoce, analyst and contributor at Benzinga, will provide investors with an early look at this innovative thematic index. The session will cover the design and methodology behind the MGTN Index, explaining why Cboe decided to expand beyond the original seven companies and detailing the impact these technology titans have on financial markets.

This expansion matters because it reflects the evolving landscape of technology leadership and provides investors with more diversified exposure to the sector's growth drivers. The Magnificent 10 Index represents a broader capture of the most influential technology stocks that are shaping market performance and driving innovation across multiple sectors. Investors seeking efficient exposure to these market leaders will benefit from understanding how this index construction differs from traditional market-cap weighted approaches.

The webinar will also detail 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. This extended trading capability addresses the global nature of technology investing and provides greater flexibility for investors managing positions across different time zones. The product suite aims to enable efficient exposure to growth leaders through equal-weighted indexing methodology.

A live Q&A session will allow attendees to submit questions directly to Schwartz and DiPoce about MGTN's methodology, the importance of AI stocks within the index composition, and how investors can leverage options and futures on MGTN for portfolio management. The event targets both veteran tech investors and newer market participants looking for ways to access the most influential stocks driving market performance.

The expansion from seven to ten companies signals recognition of the broadening leadership within the technology sector and acknowledges the growing influence of semiconductor companies like AMD and Broadcom, along with data analytics firm Palantir. This development provides market participants with new tools to track and invest in the evolving technology landscape that continues to drive global economic growth and innovation across industries.