In 2023, the Magnificent Seven shares—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta
Platforms, and Tesla—proved their value with substantial positive aspects, dominating market actions.
In 2024, their efficiency has continued to impress, additional solidifying their vital affect
available on the market. Because of their huge market capitalizations, these shares maintain outsized affect on
the Nasdaq Composite and S&P 500 indexes, driving broader market tendencies. Right here’s a more in-depth look
1. Nvidia (NVDA) – +183.2% YTD
Nvidia has been a standout performer in 2024, with an enormous 183.2% year-to-date (YTD) acquire.
The corporate continues to be the chief in AI and GPU applied sciences, benefiting from surging
demand for AI-powered purposes and its dominant place within the AI chip market. Nvidia’s Q3
earnings exceeded Wall Avenue expectations, with a considerable enhance in each earnings and
income in comparison with final 12 months. Nevertheless, the inventory just lately confronted a 3% decline amid reviews of an
investigation in China for anti-monopoly violations. Regardless of this setback, Nvidia’s progress
prospects within the AI area stay sturdy, and it continues to be a key driver of the tech sector.
