The Roundhill Magnificent Seven ETF, which holds Alphabet, Nvidia Corp., Facebook parent Meta Platforms Inc., Tesla, Apple Inc., Microsoft Corp. and Amazon.com, was climbing 0.9% around

midday, outperforming the S&P 500, according to FactSet data, at last check. Shares of Alphabet were surging almost 5%, by far the biggest gain in the ETF’s portfolio. Big Tech stocks

held by the fund were trading mixed, with Nvidia, Meta and Tesla also in the green around midday Wednesday.