Cboe Global Markets and financial media platform Benzinga will host a virtual webinar on November 13 to introduce the Cboe Magnificent 10 Index (MGTN), an expansion of the popular Magnificent 7 concept that adds three significant technology players to the benchmark. The new index incorporates Advanced Micro Devices Inc. (AMD), Broadcom Inc. (AVGO) and Palantir Technologies Inc. (PLTR) alongside the original seven companies, creating what Cboe describes as a thematic, equal-weighted index capturing the pulse of U.S. large-cap technology stocks driving overall market growth.
Henry Schwartz, Vice President of Derivatives Market Intelligence at Cboe, and Gianni DiPoce, analyst and contributor at Benzinga, will lead the webinar session focused on helping investors understand how this product suite enables efficient exposure to growth leaders in the technology sector. The event, scheduled from 11 a.m. to 12 p.m. ET, will provide attendees with an early look at Cboe's take on the most influential tech stocks in the market before the official index launch.
The webinar 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. Participants 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, providing enhanced flexibility for global investors seeking exposure to leading U.S. technology companies.
A live Q&A session will conclude the webinar, allowing attendees to submit questions directly to Schwartz and DiPoce about various aspects of the new index. Discussion topics will include the methodology behind MGTN, the importance of artificial intelligence stocks within the index composition, and practical strategies for leveraging options and futures on MGTN in investment portfolios. The event targets both veteran technology investors and newer market participants looking for efficient ways to gain exposure to the most influential stocks driving market performance.
The expansion from seven to ten companies reflects the evolving landscape of dominant technology firms, with AMD, Broadcom and Palantir joining the established group that previously defined market leadership in the sector. This development signals Cboe's recognition that technological leadership and market influence have broadened beyond the original cohort, potentially offering investors a more comprehensive representation of companies shaping digital transformation across multiple industries. The index's equal-weighted methodology ensures that each component company receives proportional representation, unlike market-cap weighted indices where larger companies dominate the weighting.
