The Magnificent Seven, a group of big tech companies, has achieved a historic milestone by surpassing a collective valuation of $18 trillion as of Wednesday’s close. This marks the first time the group’s shares have reached this unprecedented level, making them worth more than the annual GDP of every country in the world except the US and China.
The news comes ahead of the new year, when earnings growth from these companies is expected to continue, potentially cementing their dominance in the market. As the tech industry looks to 2025, investors are taking notice of the Magnificent Seven’s impressive performance.
Source: https://www.marketwatch.com/story/magnificent-seven-hits-another-milestone-heres-why-it-could-continue-to-dominate-the-market-in-2025-8db39135