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Charted: The Surging Value of the Magnificent Seven (2000-2024)

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See this visualization first on the Voronoi app.

A stream graph of the market capitalization of seven big tech companies from 2000 to July 2024, showing that the values have grown from billions of dollars to trillions of dollars in most cases.

The Surging Value of the Magnificent Seven (2000-2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The Magnificent Seven are some of the largest companies in the U.S. stock market today, but things looked quite different back in 2000.

At that time, Apple, Microsoft, Amazon, and Nvidia had a combined value of just $244 billion. Alphabet (Google) was still a private company, and Meta (Facebook) and Tesla weren’t even founded yet.

In this visualization, creator Ehsan Soltani looks at the market capitalization of these prominent technology companies over the last few decades using data from CompaniesMarketCap.com as well as Yahoo Finance.


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Market Capitalization Over Time

As of July 2024, the Magnificent Seven companies are worth $15.4 trillion combined. The below table shows their market capitalization from 2000 to 2024 in billions of dollars.

YearAppleMicrosoftNvidiaAlphabetAmazonMetaTeslaTotal
200052312-6--244
200183586-4--376
200252771-7--290
200382953-21--327
20042629145318--392
200561272612320--481
2006732921314116--536
20071743321921739--780
20087617349722--372
20091912691019760--727
2010297235919081-3814
2011378218820979-3895
201250022482321146341,143
20135013119375183139191,536
201464338211360144217281,784
201558444018528318297322,216
201660948358539356332342,411
2017861660117729564513523,496
201874678081724737374573,500
20191,2871,200144921920585765,133
20202,2551,6813231,1851,6347786698,525
20212,9012,5227351,9171,6919221,06111,749
20222,0661,7873641,1458573203896,928
20232,9942,7941,2231,7561,57091079012,037
20243,4053,1092,8782,1111,9451,21174115,400

Source: CompaniesMarketCap.com, Yahoo Finance. 2024 data is as of July 31, 2024.

Since 2012, the first year all seven companies were public, the Magnificent Seven has grown 13.5 times larger. Nvidia has seen the highest relative growth, with its market cap jumping 360 times larger over the same time frame. Nvidia’s size is especially impressive when you compare its market cap to other chipmakers.

At the other end of the scale, Apple’s market cap has only grown seven times higher since 2012. This smaller relative jump is because Apple was already worth $500 billion by the end of 2012, while Nvidia was only worth $8 billion at the time.

Recent Performance

Fast forward to 2024, and the Magnificent Seven companies are major players in the U.S. stock market. They drove 49% of the S&P 500’s total gains in the first half of 2024.

However, their performance has taken a downturn in recent weeks amid recession fears and concerns about overspending on AI. On top of this, Warren Buffett’s company Berkshire Hathaway sold half of its stake in Apple, and reporters said Nvidia’s newest AI processor could be delayed due to production issues.

Some market analysts have argued that the recent dip indicates a potential buying opportunity, since the Magnificent Seven companies are now at lower valuations.


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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Technology

Ranked: Google’s Thirstiest Data Centers

Locating and ranking the thirstiest of Google’s data centers in America, by the millions of gallons of water consumed in 2023.

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This map locates Google's data centers that consume the most water annually.

How Much Water do Google’s Data Centers Use?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This map locates Google’s data centers that consume the most water in America. Data is sourced from Google’s 2024 Environment Report.

Why do data centers need water? It’s because computer servers generate significant heat that must be dissipated to maintain performance.

As a result, water is used in chiller plants, evaporative cooling systems, and humidification to manage temperature levels.

Ranked: Google’s Thirstiest Data Centers

Google’s data center in Council Bluffs, Iowa consumed nearly 1 billion gallons of water in 2023, by far the most by any single complex listed in their report.

All of that water was potable, i.e., safe for drinking.

RankLocationStateWater Used 2023 (Gallons)
1Council BluffsIA980M
2Mayes CountyOK815M
3Berkeley CountySC763M
4Douglas CountyGA346M
5LenoirNC337M
6The DallesOR302M
7Montgomery CountyTN289M
8LeesburgVA173M
9HendersonNV159M
10Jackson CountyAL142M
11MidlothianTX136M
12PapillionNE135M
13New AlbanyOH127M
14SterlingVA56M
15AshburnVA55M
16LockbourneOH23M
17LancasterOH8M
18Storey CountyNV0.2M

The data center complexes in Mayes County, Oklahoma and Berkeley County, South Carolina are the next “thirstiest,” using 750–800 million gallons of water a year.

These top three locations are well-above their counterparts across the U.S., and the rest of the world in water usage.

ℹ️ Fun fact: the U.S. has nearly half of the world’s 12,000 data centers. Germany and the UK are distant runners-up.

Together all of Google’s data centers used nearly more than 6 billion gallons of water in 2023, the equivalent of 41 golf courses.

Do Google’s Data Centers Drink Water?

Technically, data centers don’t actually “consume” all the water they use. Most of it is circulated in a closed-loop cooling system, with some loss.

However these numbers are from Google’s Sustainability Report, which specifies the water it’s withdrawn from the supply, discharged, and “consumed,” with the latter visualized here.

Also in drier areas, water is actively used to control humidity by evaporation which means it is being lost to the surroundings.

Finally, heated water returned to the ecosystem can have an adverse environmental impact.

Learn More on the Voronoi App

The other thing data centers need a lot of: electricity. Check out Data Center Electricity Consumption by State for a breakdown.

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