Nvidia and the “Magnificent Seven” Stocks
In 2023, Bank of America analyst Michael Hartnett coined the term “Magnificent Seven” for tech giants Nvidia, Amazon, Apple, Alphabet, Meta Platforms, Microsoft, and Tesla, which have a combined market capitalization of $22 trillion, representing nearly one-third of the S&P 500’s value. Currently, only Jensen Huang (Nvidia), Mark Zuckerberg (Meta), and Elon Musk (Tesla) are actively guiding their respective companies, as the leadership landscape continues to evolve.
Company Profiles and Performance
Nvidia, founded in 1993 by Huang, generated $81.61 billion in revenue in its most recent quarter, with $75.2 billion from data center sales. Meanwhile, Meta Platforms, initially created as Facebook, has pivoted towards artificial intelligence after a failed metaverse initiative, now averaging 3.56 billion daily users across its apps. Tesla, which Musk joined in 2004, remains a leader in electric vehicles while also exploring AI projects such as full self-driving technology and humanoid robots.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
