📈 Market Cap Growth Trends of the Magnificent Seven: January to November 2024

The combined market capitalization of the Magnificent Seven stocks—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla—followed a dynamic trend in 2024. From a peak of $17.0 trillion on July 10, it declined to $14.5 trillion by early September. Following the U.S. election, their market cap surged to a record high of $17.1 trillion on November 8.

Year-to-date market capitalization growth (as of November 2024):

Nvidia: 176.8%

Meta (Facebook): 59.4%

Tesla: 40.3%

Amazon: 39.2%

Apple: 19.8%

Alphabet (Google): 19.4%

Microsoft: 12.6%