📈 Nasdaq Dominated by Seven Tech Giants

In 2024, the combined market capitalization of the "Magnificent Seven"—Microsoft, Apple, NVIDIA, Alphabet, Amazon, Meta, and Tesla—soared to $17.6 trillion, surpassing the market cap of all other Nasdaq U.S. stocks by 36%. This unprecedented concentration highlights their outsized influence in the tech sector. From 2019 to 2024, the market cap of these seven surged by 242%, dramatically outpacing the 66% growth of all other Nasdaq U.S. stocks combined.