November 5, 2024

What are the  'Magnificent 7' stocks?

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

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.

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.

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! 

Market cap as of November 4

Market cap: $760.93 billion

7. Tesla

Market cap: $1.42 trillion

6. Meta Platforms (Facebook)

Market cap: $2.05 trillion

5. Amazon

Market cap: $2.08 trillion

4. Alphabet (Google)

Market cap: $3.07 trillion

3. Microsoft

Market cap: $3.34 trillion

2. NVIDIA 

Market cap: $3.38 trillion

1. Apple

7 most powerful supercomputers in the world

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