Magnificent Seven

What are the magnificent 7 stocks?

Seven high-value tech companies

The Magnificent Seven (or Mag 7) is a group of seven popular tech companies. The term became popular in 2023 as an alternative to "FANG" (Facebook, Amazon, Netflix, and Google). Stock analysts and reporters have continued to use the term in 2024.

The 7 stocks in the Magnificent Seven list include:

  1. Alphabet (GOOGL)
  2. Amazon.com (AMZN)
  3. Apple (AAPL)
  4. Meta Platforms (META)
  5. Microsoft (MSFT)
  6. Nvidia (NVDA)
  7. Tesla (TSLA)

Because the market capitalization of each of these stocks is so high (around $2 trillion each as of Feb 2024, except for Tesla), they have a large impact on the rest of the market. For example, when the Magnificent Seven stocks go up, the Dow and Nasdaq might rise even when most of the other stocks in the indexes go down.

Example

I finally sold some Magnificent Seven stocks to buy some smaller companies
The Mag 7 stocks
The Mag 7 stocks

Related Slang

Big BoardNew York Stock Exchange
BagholderA person who fails to sell a stock before it crashes
Diamond handsTo hold a stock through losses
Meme stockA stock hyped on social media
BullishPositive outlook
BearishNegative outlook

Categories

Financial Terms
Updated February 23, 2024

Magnificent Seven definition by Slang.net

This page explains what the slang term "Magnificent Seven" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.

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