Where Data Tells the Story
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On August 8, 2025, the “Magnificent Seven”—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—controlled a record 34.5% of the S&P 500’s total market value, up from 28.6% in 2023, and 30% of the entire U.S. stock market. Their combined market capitalization surged to an unprecedented $19.6 trillion, heightening concerns over the growing dominance and influence of just a handful of mega-cap tech companies.