📺 Stream EntrepreneurTV for Free 📺

Dominance of the ‘Magnificent Seven’ Stocks Seven stocks have emerged as the dominant forces in finance and investment, earning the moniker “The Magnificent Seven.” These stocks belong to Apple, Meta (formerly Facebook), Google, Tesla, Microsoft, Amazon,...

entrepreneur daily

This story originally appeared on Due

Seven stocks have emerged as the dominant forces in finance and investment, earning the moniker “The Magnificent Seven.” These stocks belong to Apple, Meta (formerly Facebook), Google, Tesla, Microsoft, Amazon, and NVIDIA. Their combined market capitalization is so vast that it surpasses the total market capitalization of every company in China, France, Canada, the UK, and Japan combined. This is a testament to these companies’ immense value and influence in the global economy.

Apple, the tech giant known for its innovative products and services, has a market capitalization that often fluctuates around the $2 trillion mark. Meta, the parent company of Facebook, Instagram, and WhatsApp, has over $900 billion in market capitalization. Google’s parent company, Alphabet, has a market capitalization of over $1.5 trillion, while electric vehicle and clean energy company Tesla has over $800 billion.

Microsoft, a pioneer in the software industry, has a market capitalization of over $2 trillion. Amazon, the e-commerce behemoth, has a market capitalization of over $1.7 trillion. Lastly, NVIDIA, a leading designer of graphics processing units, has a market capitalization of over $500 billion. The combined market capitalization of these seven companies is a testament to their dominance in their respective industries and their influence on the global economy.

Return of the Magnificent Seven

The returns on these stocks have been nothing short of magnificent. These companies have consistently delivered strong returns to their shareholders, reflecting their robust business models, innovative products and services, and strong market positions.

Apple’s stock has steadily risen over the years, driven by its innovative products like the iPhone, iPad, and Mac and services like the App Store, iCloud, and Apple Music. Meta’s stock has also seen significant growth, driven by its vast user base and strong advertising revenue. Google’s stock has grown steadily, driven by its dominant search engine and cloud business.

Tesla’s stock has seen explosive growth, driven by its leadership in the electric vehicle market and its ambitious plans for the future. Microsoft’s stock has consistently grown, driven by its strong software business and growing cloud services. Amazon’s stock has grown significantly, driven by its dominant e-commerce business and growing cloud services. NVIDIA’s stock has seen rapid growth, driven by its leading position in the graphics processing unit market and its growing data center business.

Conclusion

The Magnificent Seven stocks have a significant impact on the global stock market. Their combined market capitalization is larger than the total market capitalization of every company in several major economies, reflecting their immense value and influence. Their strong returns are a testament to their robust business models, innovative products and services, and strong market positions. As these companies continue to innovate and grow, they will likely continue their dominance in the global stock market. This is not just a story of financial success, but also a story of innovation, resilience, and the power of technology to transform industries and economies.


Frequently Asked Questions

Q. Who are the “Magnificent Seven” in the world of finance and investment?

The “Magnificent Seven” refers to seven dominant stocks in the world of finance and investment. These stocks belong to Apple, Meta (formerly Facebook), Google, Tesla, Microsoft, Amazon, and NVIDIA.

Q. What is the combined market capitalization of the “Magnificent Seven”?

The combined market capitalization of the “Magnificent Seven” is so vast that it surpasses the total market capitalization of every company in China, France, Canada, the UK, and Japan combined.

Q. How have the “Magnificent Seven” performed in terms of returns?

Each of these companies has consistently delivered strong returns to their shareholders, reflecting their robust business models, innovative products and services, and strong market positions.

Q. What drives the growth of these “Magnificent Seven” stocks?

The growth of these stocks is driven by various factors such as innovative products and services, strong market positions, vast user base, strong advertising revenue, leadership in their respective markets, and ambitious future plans.

Q. What is the impact of the “Magnificent Seven” on the global stock market?

The “Magnificent Seven” stocks have a significant impact on the global stock market. Their combined market capitalization is larger than the total market capitalization of every company in several major economies, reflecting their immense value and influence.

The post Dominance of the ‘Magnificent Seven’ Stocks appeared first on Due.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Your Company May Have a Costly Trust Problem. Here's How to Fix It — And Boost Your Profits.

Most companies are thinking about trust in the wrong way. Here's how to reframe trust as a product and supercharge your business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Devices

Add Some Life to the Office with $60 off This Bluetooth Speaker

This TREBLAB speaker provides 360-degree HD sound and high-powered connectivity.

Travel

Stay Prepared on the Road with This $80 Tire Inflator

Take a step to make business travel a bit safer.

Devices

Optimize Your Remote Workflow with Maximum Connectivity for Just $55

Stay connected as you work from home or anywhere in the world with this versatile stand with eight ports and 5Gbps data transfer speeds.