The Surging Value of the Magnificent 7 Versus the S&P 500 (2014-2024)

What We're Showing

The Magnificent 7 stocks have soared from $1.8T in 2014 to over $18T by 2024—but is their growing dominance making the S&P 500 concentrated?

This visualization, created in partnership with Tema ETFs, provides visual context to the surging value of the Magnificent 7 stocks as a share of the S&P 500. 

Key Takeaways

• In 2014, the S&P 500's total market capitalization stood at just over $18 trillion—by the end of 2024, it had soared to nearly $50 trillion.
• This surge in market value was mirrored in performance: from the start of 2014 to the end of 2024, the index delivered a total return of more than 220%. 
• The combined market value of the Magnificent 7 skyrocketed from around $1.8 trillion in 2014 to an astounding $18.0 trillion by 2024—a tenfold increase in just a decade.