magician vs performing artist

magician and performing artist both are nouns.

Word	Noun	Adjective	Verb	Adverb
magician	Yes	No	No	No
performing artist	Yes	No	No	No

As nouns, performing artist is a hypernym of magician; that is, performing artist is a word with a broader meaning than magician:

magician: someone who performs magic tricks to amuse an audience
performing artist: an entertainer who performs a dramatic or musical work for an audience

Other hypernyms of magician include performer.

magician (noun)	performing artist (noun)
one who practices magic or sorcery	an entertainer who performs a dramatic or musical work for an audience
someone who performs magic tricks to amuse an audience