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Which Companies Make Up the “Magnificent Seven” Stocks?

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This chart highlights the Magnificent Seven stocks, a group of seven megacap stocks that replace the previous FAANG.

Which Companies Make Up the “Magnificent Seven” Stocks?

In 2013 CNBC analyst Jim Cramer popularized “FANG,” comprised of Facebook (now Meta), Amazon, Netflix, and Google (now Alphabet), as a shorthand for the best performing technology stocks on the market. Apple, added in 2017, made it FAANG.

However, over the last year a new moniker given by Bank of America analyst Michael Hartnett highlights the most valuable and popularly-owned companies on the American stock market: the “Magnificent Seven” stocks.

We visualize the Magnificent Seven’s market capitalization and 5-year stock performance as of November 2023 using data from Google Finance and CompaniesMarketCap.

The Magnificent Seven Stocks by Market Cap and 5-Year Return

The Magnificent Seven stocks are megacap companies focused and capitalizing on tech growth trends including AI, cloud computing, and cutting-edge hardware and software.

Four of the five FAANG stocks retain their place amongst the Magnificent Seven, with newcomers Nvidia, Tesla, and Microsoft joining the group. Following a poor 2022 performance and having more difficulty capitalizing on tech trends, Netflix is the sole FAANG company not included.

Here’s a look at the companies ranked by their market capitalization on November 6, 2023, alongside their 5-year stock performance:

RankCompanyMarket Cap5 Year Performance
1Apple$2.8 trillion+250%
2Microsoft$2.6 trillion+224%
3Alphabet$1.6 trillion+141%
4Amazon$1.4 trillion+63%
5Nvidia$1.1 trillion+783%
6Meta$811 billion+118%
7Tesla$690 billion+829%

The Magnificent Seven make up more than one-quarter of the S&P 500 and more than half of the Nasdaq 100.

Meanwhile, five of the seven are part of the rare trillion dollar club, with Nvidia being the most recent entry.

A common theme among the Magnificent Seven is their ability to collect vast amounts of customer data, create cutting-edge hardware and software, as well as harness the power of AI.

However, if Netflix gets back on track—recently announcing its new ad-supported membership tier has 15 million subscribers—we could soon see a “Magnificent Eight.”

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All of the World’s Trillion-Dollar Companies in One Chart

We rank the world’s trillion-dollar companies as of June 18, 2024. Could TSMC be next?

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All of the World’s Trillion-Dollar Companies in One Chart

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.

Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post.

In this graphic, we’ve visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is the market cap of the median S&P 500 firm (as of May 30, 2024), as well as Taiwan’s TSMC, which is the next closest company to reaching the $1 trillion milestone.

Data and Key Takeaways

The figures used to create this graphic are included in the table below. Numbers for each company come from Companiesmarketcap.com, while the median S&P 500 market cap was sourced from S&P Global.

CompanyMarket Cap (USD)
🇺🇸 Nvidia$3.34T
🇺🇸 Microsoft$3.32T
🇺🇸 Apple$3.29T
🇺🇸 Alphabet$2.17T
🇺🇸 Amazon$1.90T
🇸🇦 Saudi Aramco$1.79T
🇺🇸 Meta$1.27T
🇹🇼 TSMC$932B
Median S&P 500 company$92B

Here are the key reasons behind each of these companies’ massive valuations:

  • Nvidia: Industry leader in data center chips, essential for training artificial intelligence
  • Microsoft: Dominance in enterprise software products (e.g. Windows, Office, Azure)
  • Apple: Strong track record of innovation and a large, loyal customer base
  • Alphabet: Leading player in online advertising and other digital platforms (e.g. Google Search, Youtube)
  • Amazon: Dominance in e-commerce and rising cloud computing market share through Amazon Web Services (AWS)
  • Saudi Aramco: World’s largest oil producer with massive reserves
  • Meta: Dominant player in social media (Facebook, Instagram, Whatsapp)

If you’re interested in learning more, check out our graphic: Visualizing How Big Tech Companies Make Their Billions.

Which Company Will Hit $1 Trillion Next?

As of June 18, there are a few candidates that could soon join the trillion-dollar club, including TSMC ($932B), Berkshire Hathaway ($881B), Eli Lilly ($847B), and Broadcom ($839B).

Most of these stocks have climbed significantly in 2024 so far, with TSMC up 77% since the start of the year, Eli Lilly up 51%, and Broadcom up 66%.

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