The Magnificent Seven tech giants are rewriting the playbook on market dominance, with their combined market capitalization surging to an unprecedented $18.2 trillion.
Five out of the seven juggernauts — Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOGL), Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Tesla Inc. (NASDAQ:TSLA) — smashed through record highs during Wednesday trading, solidifying their grip on the global stock market and fueling another strong rally in 2024.
The Roundhill Magnificent Seven ETF (NYSE:MAGS), a closely watched benchmark for the group's market performance, surged 2.8% on Wednesday, setting a new all-time high.
Notably, Tesla shares soared to fresh all-time highs after surpassing the peak set in November 202. The EV-maker has gained 67% since the U.S. presidential election, thanks to its innovative ability to scale like a software company.
"Because Tesla can remotely update its fleet's software, its ability to scale and grow are more similar to the other tech companies in the Magnificent-7 than an auto manufacturer," said Wall Street veteran investor Ed Yardeni in a note Wednesday.
Alphabet led the day's rally with a 4.63% gain, while Apple lagged, showing a flat performance.
The elite group of tech giants has delivered an average return of 67.1% year-to-date, compared to a record-breaking 111.7% average return in 2023.
Microsoft Corp. (NYSE:MSFT) and Nvidia Corp. (NASDAQ:NVDA) were the only members of the elite group that did not hit new all-time highs during Wednesday's trading session.
Yet, Nvidia remains the standout performer with a staggering year-to-date gain of 182%, securing its position as the top performer in the Magnificent Seven.
Total
$18.233 trillion
Median
$2.417 trillion
51.25%
80.88%
Average
$2.605 trillion
67.13%
111.68%
Name
Market Cap
All-time high
1-Day %chg
Total Return (YTD)
Total Return (2023)
Apple Inc.
$3.745 trillion
Dec. 11, 2024
-0.11%
29.38%
49.01%
NVIDIA Corporation
$3.417 trillion
Nov. 21, 2024
3.62%
182.08%
239.02%
Microsoft Corporation
$3.336 trillion
July 5, 2024
1.24%
20.17%
58.19%
Amazon.com, Inc.
$2.417 trillion
Dec. 11, 2024
2.18%
51.06%
80.88%
Alphabet Inc.
$2.374 trillion
Dec. 11, 2024
4.63%
38.41%
58.83%
Meta Platforms, Inc.
$1.597 trillion
Dec. 11, 2024
2.39%
79.09%
194.13%
Tesla, Inc.
$1.348 trillion
Dec. 11, 2024
4.68%
69.00%
101.72%
Latest Magnificent Seven Headlines
Google Introduces AI Agent Prototype That Can Browse The Web
Meta Platforms Suffers Major Outage: Facebook, Instagram And Other Apps Down For Thousands
Apple Strengthens GenAI With iOS 18.2: Genmoji, Image Playground Come To iPhone
Broadcom Stock Jumps On Apple AI Chip Report: What's Going On?
Nvidia Loses Supreme Court Appeal, Faces Continued Legal Battle Over Cryptocurrency Disclosure
Tesla Tops Nvidia And Apple In Innovation: Analyst Sees Significant Market Cap Upside For Elon Musk-Led EV Giant
Robotaxi Exit To 'Clear The Way' For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year
Google Wants FTC To Dismantle Microsoft's Exclusive Cloud Hosting Deal With OpenAI: Report
Google Introduces AI Agent Prototype That Can Browse The Web
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
Notably, Tesla shares soared to fresh all-time highs after surpassing the peak set in November 202. The EV-maker has gained 67% since the U.S. presidential election, thanks to its innovative ability to scale like a software company.
特に、テスラの株は202の11月に設定されたピークを超えて新たな過去最高値に急騰しました。このEVメイカーは、米国大統領選挙以来67%の上昇を遂げており、ソフトウェア企業のようにスケールできる革新的な能力が寄与しています。