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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: The World’s Most Innovative Countries in 2024

We visualized the results of WIPO’s GII 2024 to highlight the world’s most innovative countries in 2024.

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4 hours ago

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October 4, 2024

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Ranked: The World’s Most Innovative Countries in 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 Global Innovation Index (GII) 2024, published by the World Intellectual Property Organization (WIPO), ranks 133 economies based on their innovation capabilities and performance. This year’s report highlights shifts in global innovation leadership, with a focus on emerging economies challenging traditional leaders.

To summarize the results of this year’s GII, we visualized each economy’s score using a global heatmap. Lower scores are shown as darker shades of blue, transitioning to green and then yellow as score increases.

Methodology

The GII measures each economy based on seven underlying innovation pillars, which altogether comprise 78 indicators. These are summarized in the table below:

Innovation PillarExample Indicators
👨‍💻 Knowledge & Tech OutputsPatent applications, Hi-tech manufacturing
👩‍🏫 Human Capital & ResearchResearchers per million population, Global corporate R&D investors
🧳 Business SophisticationKnowledge-intensive employment, University-industry R&D collaboration
📈 Market SophisticationFinance for startups, Venture capital received
💡 Creative OutputsTrademark applications, Global brand value
🛣️ InfrastructureEnvironmental performance, Information and communication technology access
🏛️ InstitutionsRegulatory quality, Policies for doing business

The overall GII scores (which are what we’ve shown in the graphic above) are based on the average scores from these seven pillars.

Most Innovative Countries in 2024

The following table includes all of the data we used to create this graphic. For the 14th consecutive year, Switzerland was named the world’s most innovative country.

RankNameScore
1🇨🇭 Switzerland67.5
2🇸🇪 Sweden64.5
3🇺🇸 U.S.62.4
4🇸🇬 Singapore61.2
5🇬🇧 UK61
6🇰🇷 South Korea60.9
7🇫🇮 Finland59.4
8🇳🇱 Netherlands58.8
9🇩🇪 Germany58.1
10🇩🇰 Denmark57.1
11🇨🇳 China56.3
12🇫🇷 France55.4
13🇯🇵 Japan54.1
14🇨🇦 Canada52.9
15🇮🇱 Israel52.7
16🇪🇪 Estonia52.3
17🇦🇹 Austria50.3
18🇭🇰 Hong Kong50.1
19🇮🇪 Ireland50
20🇱🇺 Luxembourg49.1
21🇳🇴 Norway49.1
22🇮🇸 Iceland48.5
23🇦🇺 Australia48.1
24🇧🇪 Belgium47.7
25🇳🇿 New Zealand45.9
26🇮🇹 Italy45.3
27🇨🇾 Cyprus45.1
28🇪🇸 Spain44.9
29🇲🇹 Malta44.8
30🇨🇿 Czech Republic44
31🇵🇹 Portugal43.7
32🇦🇪 UAE42.8
33🇲🇾 Malaysia40.5
34🇸🇮 Slovenia40.2
35🇱🇹 Lithuania40.1
36🇭🇺 Hungary39.6
37🇹🇷 Türkiye39
38🇧🇬 Bulgaria38.5
39🇮🇳 India38.3
40🇵🇱 Poland37
41🇹🇭 Thailand36.9
42🇱🇻 Latvia36.4
43🇭🇷 Croatia36.3
44🇻🇳 Viet Nam36.2
45🇬🇷 Greece36.2
46🇸🇰 Slovakia34.3
47🇸🇦 Saudi Arabia33.9
48🇷🇴 Romania33.4
49🇶🇦 Qatar32.9
50🇧🇷 Brazil32.7
51🇨🇱 Chile32.6
52🇷🇸 Serbia32.3
53🇵🇭 Philippines31.1
54🇮🇩 Indonesia30.6
55🇲🇺 Mauritius30.6
56🇲🇽 Mexico30.4
57🇬🇪 Georgia30.4
58🇲🇰 North Macedonia29.9
59🇷🇺 Russia29.7
60🇺🇦 Ukraine29.5
61🇨🇴 Colombia29.2
62🇺🇾 Uruguay29.1
63🇦🇲 Armenia29
64🇮🇷 Iran28.9
65🇲🇪 Montenegro28.9
66🇲🇦 Morocco28.8
67🇲🇳 Mongolia28.7
68🇲🇩 Moldova28.7
69🇿🇦 South Africa28.3
70🇨🇷 Costa Rica28.3
71🇰🇼 Kuwait28.1
72🇧🇭 Bahrain27.6
73🇯🇴 Jordan27.5
74🇴🇲 Oman27.1
75🇵🇪 Peru26.7
76🇦🇷 Argentina26.4
77🇧🇧 Barbados26.1
78🇰🇿 Kazakhstan25.7
79🇯🇲 Jamaica25.7
80🇧🇦 Bosnia & Herzegovina25.5
81🇹🇳 Tunisia25.4
82🇵🇦 Panama24.7
83🇺🇿 Uzbekistan24.7
84🇦🇱 Albania24.5
85🇧🇾 Belarus24.2
86🇪🇬 Egypt23.7
87🇧🇼 Botswana23.1
88🇧🇳 Brunei Darussalam22.8
89🇱🇰 Sri Lanka22.6
90🇨🇻 Cabo Verde22.3
91🇵🇰 Pakistan22
92🇸🇳 Senegal22
93🇵🇾 Paraguay21.9
94🇱🇧 Lebanon21.5
95🇦🇿 Azerbaijan21.3
96🇰🇪 Kenya21
97🇩🇴 Dominican Republic20.8
98🇸🇻 El Salvador20.6
99🇰🇬 Kyrgyzstan20.4
100🇧🇴 Bolivia20.2
101🇬🇭 Ghana20
102🇳🇦 Namibia20
103🇰🇭 Cambodia19.9
104🇷🇼 Rwanda19.7
105🇪🇨 Ecuador19.3
106🇧🇩 Bangladesh19.1
107🇹🇯 Tajikistan18.6
108🇹🇹 Trinidad and Tobago18.4
109🇳🇵 Nepal18.1
110🇲🇬 Madagascar17.9
111🇱🇦 Laos17.8
112🇨🇮 Côte d'Ivoire17.5
113🇳🇬 Nigeria17.1
114🇭🇳 Honduras16.7
115🇩🇿 Algeria16.2
116🇿🇲 Zambia15.7
117🇹🇬 Togo15.6
118🇿🇼 Zimbabwe15.6
119🇧🇯 Benin15.4
120🇹🇿 Tanzania15.3
121🇺🇬 Uganda14.9
122🇬🇹 Guatemala14.6
123🇨🇲 Cameroon14.4
124🇳🇮 Nicaragua14
125🇲🇲 Myanmar13.8
126🇲🇷 Mauritania13.2
127🇧🇮 Burundi13.2
128🇲🇿 Mozambique13.1
129🇧🇫 Burkina Faso12.8
130🇪🇹 Ethiopia12.3
131🇲🇱 Mali11.8
132🇳🇪 Niger11.2
133🇦🇴 Angola10.2

Similar to last year, the U.S. takes third place in the GII. It ranked the highest in Market Sophistication (#1) and Business Sophistication (#2), but its overall score was dragged down by its lower rank in Infrastructure (#30).

A key theme of this year’s GII is innovation overperformers, which are countries that perform above expectation relative to their level of development.

The top three in this regard are India, Moldova, and Vietnam. All three of these economies have overperformed over the past 14 years since 2011.

Other Key Takeaways

The GII 2024 also provides insight into the current state of global innovation. Here are some of the highlights:

  • Technological progress: The rate of progress in green technologies is lagging behind average growth for the decade. A key challenge here is reducing the energy consumption of supercomputers.
  • Technology adoption: 5G, robotics, and electric vehicles are all seeing increased penetration levels.
  • Socioeconomic impact: The GII reports mixed progress, partly due to the COVID-19 pandemic. For example, levels of poverty are higher than those recorded in 2018, while life expectancy remains at 2015 levels.

    • Learn More on the Voronoi App

    If you enjoyed this post, check out this ranking of the top companies by number of AI patents granted on Voronoi, the new app from Visual Capitalist.

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