Cboe and Benzinga to Host Webinar on New Magnificent 10 Index Expansion

Cboe and Benzinga will host a virtual webinar introducing the Cboe Magnificent 10 Index (MGTN) on November 13 at 11 am ET. The Magnificent 7 paradigm is expanding with the addition of Advanced Micro Devices Inc. (AMD), Broadcom Inc. (AVGO) and Palantir Technologies Inc. (PLTR), creating a new benchmark that captures the pulse of U.S. large-cap technology stocks driving overall market growth.

Henry Schwartz, Vice President of Derivatives Market Intelligence at Cboe, and Benzinga's Gianni DiPoce will lead the session on Cboe's latest thematic, equal-weighted index. The webinar will provide investors with an early look at how this product suite enables efficient exposure to growth leaders in the technology sector. The event represents a significant expansion of the popular Magnificent 7 concept, broadening investor access to influential technology companies that are shaping market trends.

The webinar will provide a comprehensive overview of the Cboe Magnificent 10 Index, explaining why Cboe decided to expand its index beyond the original seven companies and detailing the impact these technology titans have on financial markets. Participants will learn about the design and methodology behind the MGTN Index, including how the product suite enables efficient exposure to growth leaders and what to expect from the upcoming launch of options and futures on MGTN.

A key feature of the new derivatives products will be their extended trading hours, with options and futures on MGTN available for trading 24 hours a day, five days a week. This expanded accessibility could significantly impact how investors manage their technology exposure and implement trading strategies across different time zones. The continuous trading availability addresses the global nature of technology investing and provides greater flexibility for market participants.

The webinar will conclude with a live Q&A session where attendees can submit questions directly to Schwartz and DiPoce about MGTN, the methodology behind the index, the importance of AI stocks to MGTN, and how investors can leverage options and futures on the index. The event is designed to serve multiple investor segments, including veteran tech investors, newer investors, and anyone looking for ways to get efficient exposure to the most influential stocks in the markets.

The expansion from the Magnificent 7 to the Magnificent 10 reflects the evolving landscape of technology leadership and acknowledges the growing influence of additional companies in driving market performance. By including AMD, Broadcom, and Palantir, the index provides a more comprehensive representation of the technology sector's current leadership and future growth potential. This broader exposure could help investors capture emerging trends in semiconductor technology, artificial intelligence, and data analytics that are increasingly central to market dynamics.

The introduction of the Magnificent 10 Index comes at a time when technology stocks continue to demonstrate significant influence over broader market performance. The ability to trade derivatives on this index around the clock represents an important development for institutional and retail investors seeking to manage risk and capitalize on opportunities in the technology sector. The webinar serves as an educational platform to help market participants understand these new investment tools and their potential applications in portfolio management strategies.