In the financial world, Magnificent Seven refers to a group of high-performing and influential technology companies in the U.S. stock market.
The term Magnificent Seven was first used in this context by Bank of America analyst Michael Hartnett in 2023. These companies are considered to be major players in the tech industry, shaping trends and impacting consumer behavior. They hold significant market capitalization and their performance can significantly influence the overall market.
These seven technology businesses drove a large portion of the entire market’s returns in 2023 and 2024. The list includes Apple, Microsoft, Amazon, Alphabet (Google), Tesla, Nvidia and Meta Platforms.
| No. | Ticker | Sales Revenue | Company Name | Stock Price | Market Capitalization |
|---|---|---|---|---|---|
| 1 | MSFT | 227.58B | Microsoft Corporation | 407.48 | 3,028.20B |
| 2 | AAPL | 385.71B | Apple Inc | 182.63 | 2,797.45B |
| 3 | NVDA | 60.92B | NVIDIA Corporation | 787.01 | 1,977.30B |
| 4 | AMZN | 574.79B | Amazon.com, Inc. | 173.54 | 1,814.99B |
| 5 | GOOGL | 307.39B | Alphabet Inc. | 138.88 | 1,717.09B |
| 6 | META | 134.90B | Meta Platforms, Inc. | 487.05 | 1,228.15B |
| 7 | TSLA | 96.77B | Tesla, Inc. | 199.73 | 635.05B |
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The related Exchange-Traded Fund (ETF) that tracks those companies is Roundhill Magnificent Seven ETF (MAGS). The fund is an actively managed ETF that pursues its investment objective by seeking investment exposure to the largest companies in one or more of the following industries, each of which is defined by an independent industry classification scheme: Technology Hardware Industry; E-Commerce Discretionary Industry; Internet Media & Services Industry; and Software Industry (collectively, the “Technology Industries”). The fund is non-diversified. You can check more details about this ETF here.
*The values of sales revenue, stock price and market capitalization as of February 28, 2024.
