In the financial market, there are several companies that are important characters and are often the focus of investors.
Did you know that there are 7 major companies that are popular in the market that are called "The Magnificent 7"?
The name "Magnificent 7" is used to refer to their influence and performance in the market, which is taken from the Western classic movie "The Magnificent Seven".
This film, published in 2016, features seven fighters who gather to protect a city, lined up by famous actors such as Denzel Washington, Ethan Hawke and Chris Pratt.
The phrase "Magnificent 7" was used by an analyst at Bank of America, Michael Hartnett in 2023 when commenting on the 7 companies.
This analogy illustrates their dominant role in the technology sector and the wider market.
Here are the companies included in the “Magnificent 7” list:
Apple
Microsoft
Amazon
Alphabet (Google)
Meta (Facebook)
Tesla
Nvidia
Apple (AAPL), known for its innovative products such as the iPhone and Mac computers, has become a leader in consumer technology.
Microsoft (MSFT), a giant in software and public services, continues to be a key player with its Azure platform and Office suite.
Amazon (AMZN) is revolutionizing e-commerce and cloud computing with Amazon Web Services (AWS).
Alphabet (GOOGL), the parent company of Google, dominates online advertising and is a pioneer in various technology initiatives, including artificial intelligence (AI) and autonomous vehicles.
Meta Platforms (META), formerly known as Facebook, is a leader in social media and virtual reality with its Oculus (VR) products.
Tesla (TSLA) has been a pioneer in the electric vehicle market, driving advances in sustainable energy and autonomous driving technology.
NVIDIA (NVDA), known for its graphics processing unit (GPU), plays an important role in gaming, professional visualization, data center and AI development.
