📈 Market Capitalization of 'Magnificent Seven' Stocks Dips to $14.5 Trillion in Early Sept. 2024

The market capitalization of the "Magnificent Seven" stocks, which includes leading tech companies like Apple, Microsoft, Amazon, Alphabet, Tesla, Nvidia, and Meta Platforms, experienced significant volatility in late summer 2024:

- August 5, 2024: The collective market cap hit a low of $14.1 trillion.

- End of August 2024: It rebounded impressively to $15.4 trillion.

- First Week of September 2024: The market cap then saw a decline to $14.5 trillion.

Despite these fluctuations, the "Magnificent Seven" stocks have registered a year-to-date (YTD) growth of 20.2%. This performance indicates robust overall growth for these tech giants in 2024, suggesting that despite short-term volatility, investor confidence and the companies' fundamentals remain strong.