Technology

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

Published

3 weeks ago

August 14, 2024

Ehsan Soltani

Featured Creator

Article/Editing:

Jenna Ross

See this visualization first on the Voronoi app.

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.

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.

Year	Apple	Microsoft	Nvidia	Alphabet	Amazon	Meta	Tesla	Total
2000	5	231	2	-	6	-	-	244
2001	8	358	6	-	4	-	-	376
2002	5	277	1	-	7	-	-	290
2003	8	295	3	-	21	-	-	327
2004	26	291	4	53	18	-	-	392
2005	61	272	6	123	20	-	-	481
2006	73	292	13	141	16	-	-	536
2007	174	332	19	217	39	-	-	780
2008	76	173	4	97	22	-	-	372
2009	191	269	10	197	60	-	-	727
2010	297	235	9	190	81	-	3	814
2011	378	218	8	209	79	-	3	895
2012	500	224	8	232	114	63	4	1,143
2013	501	311	9	375	183	139	19	1,536
2014	643	382	11	360	144	217	28	1,784
2015	584	440	18	528	318	297	32	2,216
2016	609	483	58	539	356	332	34	2,411
2017	861	660	117	729	564	513	52	3,496
2018	746	780	81	724	737	374	57	3,500
2019	1,287	1,200	144	921	920	585	76	5,133
2020	2,255	1,681	323	1,185	1,634	778	669	8,525
2021	2,901	2,522	735	1,917	1,691	922	1,061	11,749
2022	2,066	1,787	364	1,145	857	320	389	6,928
2023	2,994	2,794	1,223	1,756	1,570	910	790	12,037
2024	3,405	3,109	2,878	2,111	1,945	1,211	741	15,400

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.

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.

Related Topics:apple google tesla facebook microsoft alphabet market cap big tech nvidia Meta partner Magnificent Seven

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AI

Charted: Nvidia’s Quarterly Revenue (Q1 2021-Q2 2025)

Nvidia beat Wall Street estimates for its second-quarter revenue for fiscal 2025, signalling that the AI boom is far from slowing down.

Published

1 week ago

August 29, 2024

Kayla Zhu

Nvidia’s Quarterly Revenue (Q1 2021-Q2 2025)

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.

Nvidia has been the center of attention of the artificial intelligence (AI) boom, and its earnings are seen as a key indicator of the health of the AI industry, according to financial experts.

As the second-most valuable company in the world, the chipmaker dominates the AI chip design and software market with a market share of 80% to 95%, according to Reuters.

This chart shows the rise of Nvidia’s quarterly earnings from Q1 2021 to Q2 2025, with figures from Nvidia’s quarterly financial reports updated as of August 28, 2024.

Nvidia Beats Second-Quarter Estimates

Nvidia reported $30 billion in second quarter revenue for fiscal year 2025, beating Wall Street estimates of $28.7 billion by about 4.5%.

This beat on earnings estimates came as Wall Street analysts have begun to question if the current hype around AI is a bubble on the verge of bursting, and if generative AI will actually be worth the significant capital invested in it so far.

Below are Nvidia’s quarterly revenue figures from their fiscal year 2021 to 2025.

For reference, Nvidia’s fiscal year ends on the last Sunday of January, with their fiscal year labeled according to the calendar year in which the fiscal year ends. This means that since their current fiscal year ends in January 2025, the quarter they just reported is labeled Q2 2025.

Quarter	Nvidia's revenue
Q2 2025 Estimate	$28.7B
Q2 2025	$30.0B
Q1 2025	$26.0B
Q4 2024	$22.1B
Q3 2024	$18.1B
Q2 2024	$13.5B
Q1 2024	$7.2B
Q4 2023	$6.1B
Q3 2023	$5.9B
Q2 2023	$6.7B
Q1 2023	$8.3B
Q4 2022	$7.6B
Q3 2022	$7.1B
Q2 2022	$6.5B
Q1 2022	$5.7B
Q4 2021	$5.0B
Q3 2021	$4.7B
Q2 2021	$3.9B
Q1 2021	$3.1B

Nvidia’s Q2 2025 revenue figure of $30 billion is a 15% increase from last quarter and a 122% increase year-over-year. While these figures are impressive, their quarterly revenue growth is starting to show signs of slowing momentum, as the previous three quarters had quarterly growth of 18% (Q1 2025), 22% (Q4 2024), and 34% (Q3 2024).

Nvidia’s main source of revenue comes from its data center business, which includes its AI processors. Its data center generated a record $26.3 billion this quarter, accounting for 88% of the AI giant’s total revenue.

The company said it is currently shipping out samples of its newest next-generation Blackwell GPU architecture to customers.

Nvidia CFO Colette Kress said the company expects to ship “several billion dollars” of Blackwell revenue in the fourth quarter of fiscal 2025.

Nvidia expects to generate $32.5 billion in revenue next quarter, plus or minus 2%.