Magnificent Seven Market Cap Round Trip

By Staff of Bespoke Investment Group

Financial Research, Money Management • Dec 15, 2023 at 2:58 PM EST

At the start of 2022, the seven largest S&P 500 stocks by market cap possessed a combined market cap of $11.78 trillion.

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At the start of 2022, the seven largest S&P 500 stocks by market cap (which have begun to colloquially be called the Magnificent Seven) possessed a combined market cap of $11.78 trillion. However, severe losses throughout 2022 meant that by the end of the year, these stocks were down 47.7% on average. In terms of the combined market cap, that dropped the total down to just $6.9 trillion.

In 2023, those same seven stocks have averaged a gain of 106.6%. While not all of these stocks have fully recovered—for example, Tesla (TSLA), Alphabet (GOOGL), and Meta (META) all have lower market caps than at the start of 2022—the strong performance this year on the whole has meant the combined market cap has made a round trip. Now back to square one, what’s next?

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Disclaimer:

Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.

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STOCKS IN THIS ARTICLE

Also Mentions:

AAPL AMZN MSFT NVDA TSLA META GOOGL

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