Which stocks are in the Magnificent 7?

Nvidia (NVDA) designs and manufactures high-performance processors for a wide range of devices, including personal computers, tablets, smartphones, workstations, and servers. In 2024, the company has dominated the AI chip market.

As of October 2024, Nvidia’s stock performance looks like this:

• Market capitalization: $3.47 trillion
• Stock price: $141
• Year-to-date growth: 186%

Apple Inc. (AAPL) is a premier player in the consumer electronics industry, renowned for its innovative technology and design excellence. The company generates a substantial portion of its revenue from a diverse portfolio of products, including iPhones, MacBooks, Mac desktops, iPads, Apple Watches, and other devices.

As of October 2024, Apple’s stock performance looks like this:

• Market capitalization: $3.5 trillion
• Stock price: $231
• Year-to-date growth: 20%

Microsoft (MSFT) is the world’s largest software company, recognized for its extensive portfolio of products and services. It is best known for the Windows Operating System, Microsoft Office Suite, Azure Cloud Services, LinkedIn, and others. The company is a market leader not only in professional software but also in artificial intelligence. The company has made strides in AI development, highlighted by its $13 billion investment in OpenAI, the creator of ChatGPT.

As of October 2024, Microsoft’s stock performance looks like this:

• Market capitalization: $3.1 trillion
• Stock price: $427
• Year-to-date growth: 14%

Alphabet (GOOGL) is a leading global technology company and the parent organization of several influential firms, including the search and advertising giant Google and the video streaming service YouTube.

Additionally, Alphabet is at the forefront of the artificial intelligence trend. Its Gemini AI chatbot and other advanced AI models are significant competitors to ChatGPT, reflecting its commitment to developing cutting-edge AI technologies.

As of October 2024, Alphabet’s stock performance looks like this:

• Market capitalization: $2 trillion
• Stock price: $164
• Year-to-date growth: 18%

Founded in 1994 as an online bookstore, Amazon (AMZN) has evolved into a global powerhouse over the past three decades. Today, it is one of the largest e-commerce retailers, a leading provider of cloud services, and a prominent digital entertainment platform.

In addition to its retail operations, Amazon Web Services (AWS) has established the company as a frontrunner in cloud computing, providing scalable infrastructure and services to businesses worldwide.

As of October 2024, Amazon’s stock performance looks like this:

• Market capitalization: $1.96 trillion
• Stock price: $188
• Year-to-date growth: 24%

Meta Platforms (META) is the parent company behind some of the world’s most popular social media and messaging services, including Facebook, Instagram, WhatsApp, and Messenger. These platforms connect billions of users globally, enabling them to share content, communicate, and engage with communities across diverse interests.

As of October 2024, Meta’s stock performance looks like this:

• Market capitalization: $1.45 trillion
• Stock price: $574
• Year-to-date growth: 62%

Tesla (TSLA) is a global leader in electric vehicles (EVs) and advanced driver assistance systems. The company has been at the forefront of innovation, driving the adoption of EVs across the auto industry. One of Tesla’s most ambitious projects is developing a fully autonomous vehicle known as the Robotaxi. This driverless car initiative has been in the works for several years, and investors are eagerly anticipating its market debut, which could influence the future of transportation.

As of October 2024, Tesla stock performance looks like this:

• Market capitalization: $855 billion
• Stock price: $266
• Year-to-date growth: 7%