Market Cap Growth Trends of the Magnificent Seven in 2024

In 2024, the combined market capitalization of the Magnificent Seven—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla—soared to $17.6 trillion as of December 31, 2024. This represents an extraordinary 46.5% growth for the group, nearly double the S&P 500's 24.1% increase over the same period.

2024 Market Capitalization Growth:

·  Nvidia: 168.9%

·  Tesla: 64.1%

·  Meta Platforms (Facebook): 62.5%

·  Amazon: 46.9%

·  Alphabet (Google): 33.3%

·  Apple: 26.4%

·  Microsoft: 12.1%

The growth highlights Nvidia's leadership, propelled by AI-related demand, and underscores the group's continued dominance in the U.S. stock market.