📈 Market Capitalization of 'Magnificent Seven' Stocks Rebounds Amid Volatility in Sept. 2024

The "Magnificent Seven" stocks—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla—experienced notable volatility in their market capitalization during late summer 2024:

• August 5, 2024: Market cap dropped to a low of $14.1 trillion.

• End of August 2024: It surged to $15.4 trillion.

• First Week of September 2024: A decline brought it down to $14.5 trillion.

• Second Week of September 2024: Market cap rebounded to $15.5 trillion.

Despite short-term fluctuations, these stocks have shown strong year-to-date growth of 28.6%, underscoring continued investor confidence and the resilience of these tech giants in 2024.