City

November 5, 2024

What are the  'Magnificent 7' stocks?

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Mag 7

The Magnificent Seven (Mag7) is a group of high-performing and influential US equity stocks. 

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FAANG

For a while, FAANG (Facebook, Apple, Amazon, Netflix & Google) was the talk of the town, until Facebook rebranded and Netflix started facing significant challenges in its market standing.

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stock market

As Microsoft gained investor interest, FAANG expanded into FANMAG. However, Netflix lost its place at the table as the company’s popularity declined post-COVID 19.

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Tesla and NVIDIA were added to the list, giving birth to the Magnificent 7. Let's look at the ranking of the Mag7 base on their market capitalisation! 

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Market cap as of November 4

Market cap: $760.93 billion

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7. Tesla

Market cap: $1.42 trillion

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6. Meta Platforms (Facebook)

Market cap: $2.05 trillion

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5. Amazon

Market cap: $2.08 trillion

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4. Alphabet (Google)

Market cap: $3.07 trillion

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3. Microsoft

Market cap: $3.34 trillion

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2. NVIDIA 

Market cap: $3.38 trillion

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1. Apple

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7 most powerful supercomputers in the world

Thanks for reading!

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