MICROSOFT, Apple, Nvidia, Alphabet, Amazon, Meta Platforms and Tesla continued their strong performance this year, building on significant gains from 2023. Over the past six months, all these tech giants saw double- and triple-digit stock price growth, adding trillions of dollars to their market caps.
According to data presented by AltIndex.com, the Magnificent Seven companies have added a whopping $4.8 trillion to their stock values in six months of the year, more than in the entire 2023.It seems that 2024 might set a new record for the Magnificent Seven stocks' growth. In just six months of the year, Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla outperformed their full 2023 gains, adding a staggering amount of money to their stock values.
Meta's stock value jumped by 50 percent or $463 billion in six months, the second-highest gain among the Magnificent Seven. Amazon and Alphabet followed with a 30 percent stock value growth in this period, adding $513 billion and $535 billion, respectively.While Tesla faced a more challenging year compared to its peers, the company continued to innovate in the electric vehicle space and expand its product lineup, helping it to grow its stock value by an impressive 37 percent in six months.
Tech Sets New Record In Stock Value
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