Key figures from the chart
- The combined market value of seven US tech companies rose from $1.1 trillion in 2012 to $17.6 trillion on 31 December 2024, a compound annual growth rate of 26%.
- Apple was the largest at the end of 2024 ($3.79T), followed by Nvidia ($3.29T) and Microsoft ($3.13T).
- Nvidia grew from $81B in 2018 to $3.29T, about 40 times.
- In 2000 Microsoft was by far the largest of the group, at $231B; Apple was $5.0B and Nvidia $2.23B.
All figures are from the graphic, which cites Nasdaq, S&P Global and Yahoo Finance.
US tech stocks growth, company by company
Title: U.S. Big Tech Stocks Surge. Subtitle: “Market Capitalization of Seven Major U.S. Tech Companies Increased 15x (26% CAGR) from $1.1 Trillion in 2012 to $17.6 Trillion by Dec. 31, 2024, Outpacing the Rest of U.S. Stock Market by 6x”. Box: “Total Market Cap, Dec. 31, 2024, $17.6 Trillion”. Circled note: “Market Cap Growth 2012 to 2024: 26% CAGR”.
The chart is a streamgraph: each company is a coloured band whose thickness shows its market cap, stacked around a centre line from 2000 to 2024. Apple (grey), Nvidia (green) and Microsoft (light blue) sit above the line; Alphabet (red), Amazon (orange), Meta (blue) and Tesla (dark red) below it. Markers show when Google (2004), Tesla (2010) and Meta (2012) join the chart. A white line marks 2018.
| Company | First value on chart (year) | 2018 | 31 Dec 2024 | 2018 to 2024 growth (our arithmetic) |
|---|---|---|---|---|
| Apple | 5.0B (2000) | 746B | 3.79T | 5.1x |
| Nvidia | 2.23B (2000) | 81B | 3.29T | 40.6x |
| Microsoft | 231B (2000) | 780B | 3.13T | 4.0x |
| Alphabet (Google) | 53B (2004) | 724B | 2.33T | 3.2x |
| Amazon | 5.54B (2000) | 737B | 2.31T | 3.1x |
| Meta | 63B (2012) | 374B | 1.48T | 4.0x |
| Tesla | 2.52B (2010) | 57B | 1.30T | 22.8x |
Footer: “Sources: Nasdaq, S&P Global, Yahoo Finance”, “Research and visualization: Ehsan Soltani”, www.econovis.net, @econovisuals on X and the Econovis “EV” logo.
What Econovis says about the Magnificent Seven
Econovis published the chart on 9 January 2025. Its note calls the seven companies the “Magnificent Seven” and says their combined market cap grew 15.4 times between 2012 and the end of 2024, while the broader US stock market grew 3.3 times over the same period. As a result, it says, their share of total US market capitalisation rose from 6% to 28% [1].
The note lists the same December 2024 values as the chart and gives growth from 2018 to 2024 as Nvidia 40.4x, Tesla 22.6x, Apple 5.1x, Microsoft 4.0x, Meta 4.0x, Alphabet 3.2x and Amazon 3.1x [1]. Those multiples are slightly different from ours because the chart’s printed values are rounded.
An earlier June 2024 version of the chart used values at 21 June 2024, when the total was $15.7 trillion and Microsoft, at $3.34 trillion, was the largest of the seven [2].
Notes on this infographic
- 15x or 16x. $17.6 trillion divided by $1.1 trillion is 16, and 16 times over 12 years is a 26% annual rate (our arithmetic). The subtitle says 15x and the Econovis note 15.4x [1]; the gap comes from rounding the start figure to $1.1 trillion.
- “Outpacing by 6x”. The subtitle says the group outpaced the rest of the market by 6x, but the note says the broader market grew 3.3 times, against 15.4 times for the group [1]. We could not reproduce the 6x figure from either number.
- Totals check. The seven 2024 values add up to $17.63 trillion, matching the $17.6 trillion box. The 2018 values add up to $3,499 billion (our arithmetic).
- Start years. Meta’s first value is for 2012, the year of its stock market listing; Facebook’s IPO raised $16 billion in May 2012 [4].
- Not advice. Past market values; this page does not recommend any investment.
Questions about the Magnificent Seven tech stocks
What is the combined market cap of the Magnificent Seven?
The combined market value of the Magnificent Seven was $17.6 trillion on 31 December 2024, up from $1.1 trillion in 2012, a compound annual growth rate of 26%. Econovis says the group's share of total US market capitalisation rose from 6% to 28% over that period [1]. The seven 2024 values add up to $17.63 trillion.
Which Magnificent Seven company is the largest?
Apple was the largest of the seven at the end of 2024, with a market cap of $3.79T, followed by Nvidia at $3.29T and Microsoft at $3.13T. In an earlier June 2024 version of the chart, using values at 21 June 2024, Microsoft was the largest at $3.34 trillion [2]. Back in 2000, Microsoft led the group at $231B.
How much has Nvidia's market cap grown since 2018?
Nvidia's market cap grew from $81B in 2018 to $3.29T on 31 December 2024, about 40 times. Econovis gives the multiple as 40.4x, the fastest of the seven, ahead of Tesla at 22.6x [1]. In 2000 Nvidia was valued at $2.23B, against $231B for Microsoft.
How many times did the Magnificent Seven grow from 2012 to 2024?
The Magnificent Seven's combined market cap grew 15.4 times from 2012 to the end of 2024, according to the Econovis note, while the broader US stock market grew 3.3 times [1]. The chart's subtitle rounds this to 15x, while $17.6 trillion divided by the rounded start figure of $1.1 trillion gives 16. The subtitle's claim that the group outpaced the rest of the market by 6x could not be reproduced from either number.
Sources
- Econovis, U.S. Big Tech Stocks Surge (2000 to 2024), the original post for this graphic.
- Econovis, U.S. Big Tech Stocks Surge, the June 2024 version.
- r/dataisbeautiful, U.S. Big Tech Stocks Surge (2000 to 2024), posted by Ehsan Soltani’s account.
- Wikipedia, Meta Platforms.
Last reviewed 29 October 2026
