Despite ongoing apprehensions surrounding an AI bubble burst, the Magnificent Seven tech stocks appear undervalued when compared to the wider stock market, according to JPMorgan.What Happened: JPMorgan analysts have indicated that the mega-cap stocks, despite their strong performance, retain reasonable valuations relative to the average prices of the S&P 500 over the last five years, reported Business Insider.The 'Magnificent Seven' — Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA) — make up almost