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Magnificent Seven Stocks: The Magnificent 7 Stocks List, 2026 Performance and the Roundhill Magnificent Seven ETF

The Magnificent Seven are Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms and Tesla. Together the magnificent seven stocks were worth about $23.9 trillion at the close on October 22, 2026. That is roughly a third of the S&P 500 by weight, which is why these seven names move the whole market.

Below you'll find the full list, how each stock has performed in 2026, why they dominate the indices and the main ways investors get exposure. The data comes from public market sources and the research we track at Clear Report.

What Are the Magnificent 7 Stocks?

The term ""Magnificent Seven"" was coined in 2023 by Bank of America strategist Michael Hartnett. He borrowed it from the 1960 western to describe the group of seven tech giants that drove most of the market's gains that year.

These magnificent 7 stocks share three traits:

• Each company has a market capitalization above $1 trillion.
• Each one leads a large, global platform: devices, cloud computing, chips, search, e-commerce, social media or electric vehicles.
• Each is heavily involved in artificial intelligence, either selling the hardware, running the models or building AI into products.

Five of the seven companies sit in the tech sector or communication services. Amazon and Tesla are classed as consumer discretionary, even though investors treat them as tech stocks.

The Magnificent 7 Companies at a Glance

Here are the seven companies with market cap and stock price performance in 2026. Market cap is as of October 22, 2026 (Chartrow); year-to-date return is as of October 16, 2026 (Opening Bell Daily).

Four of these seven companies are worth more than $3 trillion each. Their combined market value is larger than the entire stock markets of most countries.

A few notes on each business:

1. Nvidia is the main supplier of GPUs used to train and run AI models.
2. Apple earns most of its revenue from the iPhone, with fast-growing services on top.
3. Alphabet, the parent company of Google, makes money mostly from search ads and Google Cloud.
4. Microsoft combines Office software with Azure, one of the two largest cloud computing platforms.
5. Amazon runs the largest US online store and AWS, the biggest cloud provider.
6. Meta Platforms earns almost all its revenue from digital advertising across its apps.
7. Tesla positions itself as a leader in sustainable energy, but most revenue still comes from cars.

How Mag 7 Stocks Performed in 2026

The short answer: the group has lagged the market this year. An equal-weighted basket of the seven was up about 7.7% as of October 16, 2026, while the S&P 500 gained 11.9%.

Only Apple and Nvidia beat the index over that period. Tesla was the only member in the red, and the gap between the best and the worst performer was 47.5 percentage points.

That spread matters. Many investors still treat the mag 7 stocks as one trade, but in 2026 their results have split sharply. Picking the right company inside the group has mattered more than owning the group.

Why the Results Diverged

• AI spending. Nvidia benefits directly from data center budgets. According to The Motley Fool, its trailing P/E fell to about 28.5 this year because earnings grew faster than the share price.
• Free cash flow pressure. Microsoft, Alphabet, Amazon and Meta are spending record sums on data centers, and the market is asking when that spend pays back. We cover this in our analysis of the AI capex boom and Big Tech free cash flow.
• Car demand. Tesla's weaker vehicle sales and its high valuation have weighed on the stock.

Why the Magnificent 7 Stocks Make Up a Third of the Index

The S&P 500 is weighted by market cap, so the largest companies in the world carry the most weight. As of December 2025, the seven made up 34.3% of the index, up from 12.3% in 2015, according to data cited by The Motley Fool.

This market dominance cuts both ways:

• From 2015 to 2024 the seven gained 697.6% versus 178.3% for the S&P 500.
• In the 2022 bear market the S&P 500 fell 20.4%, while the group dropped about 41.3%.

In other words, these are large-cap growth stocks with high volatility. When they rise, they lift major indices like the S&P 500 and the Nasdaq Composite. When they fall, a broad index fund falls with them.

Investing in the Magnificent Seven: Three Main Routes

There are three common ways to get exposure to the magnificent group, each with a different cost and risk profile.

1. Individual stocks. You choose the weight of each company yourself. This gives the most control, but it requires following seven earnings reports, analyst updates and news flows.
2. A broad index fund. An S&P 500 or Nasdaq-100 fund already holds all seven at heavy weights. You cannot invest directly in an index, but a low-cost fund tracks it closely.
3. A dedicated ETF. Exchange-traded funds such as the Roundhill Magnificent Seven ETF hold only these seven names.

For most long-term investors, the choice comes down to concentration. Owning only the seven means keeping all your eggs in one basket, even if it is a very large basket.

Roundhill Magnificent Seven ETF (MAGS): How It Works

The roundhill magnificent seven etf trades under the ticker MAGS. Roundhill Investments launched it in April 2023 as the Roundhill BIG Tech ETF and renamed it in November 2023, according to the fund's official page.

Key facts:

• Weighting: equal weight, rebalanced quarterly, so each stock targets about 14% of the fund.
• Fees: a gross expense ratio of 0.30% per year, before waivers.
• Structure: part of the exposure is held through total return swaps to meet fund diversification rules.

Equal weighting is the main difference from the S&P 500. In an index fund, Nvidia and Apple outweigh Tesla several times over. In MAGS, a weak quarter for Tesla hurts as much as a strong one for Apple helps. Management fees are also higher than those of a plain index fund.

Other exchange-traded products track the group with leverage. They multiply daily moves and suit short-term traders rather than long-term holders.

How to Track the Magnificent Seven Without Six Hours of Reading

To track the magnificent seven properly, you need more than a stock price chart. Each quarter brings seven earnings calls, dozens of analyst rating changes and new fund filings. Our guide to earnings call transcripts shows how to read those calls quickly.

Clear Report was built to shorten that work. For every ticker, including NVDA, AAPL and TSLA, the platform:

• assigns an AI Rating from 0 to 100 that combines technical, fundamental and sentiment signals;
• transcribes each earnings call and summarizes tone, key numbers and evasive answers;
• shows analyst upgrades and downgrades, insider trades, Congress trades and fund positions;
• links every conclusion back to its source, from bank research to SEC filings.

If you want a ranked view of the group, read our guide to the best magnificent 7 stock to buy now. You can also compare the ticker pages yourself on the free plan.

Key Risks Before You Invest in the Magnificent Seven

Before you invest in the magnificent group, weigh these risks:

• Valuation. Tesla trades at hundreds of times earnings, while Alphabet and Amazon trade at about 16–20 times.
• AI payback. Much of the group's growth potential depends on whether AI spending turns into revenue growth.
• Regulation. Antitrust and security reviews affect Alphabet, Apple, Meta and Amazon.
• Concentration. If you already own an S&P 500 fund, adding these stocks increases the same exposure.

Past performance is no guide to future performance. The figures in this article are for education and are not invesперtment advice. Make your investment decisions based on your own goals and risk tolerance.

FAQ About the Magnificent Seven

Which companies are in the Magnificent 7?

Apple, Microsoft, Nvidia, Alphabet (Google), Amazon, Meta Platforms and Tesla.

Who named the Magnificent Seven?

Bank of America strategist Michael Hartnett coined the term in 2023.

What is the best-performing Magnificent 7 stock in 2026?

Apple, up 26.3% year to date as of October 16, 2026. Nvidia was second at 14.8%.

Is there an ETF for the Magnificent 7?

Yes. MAGS from Roundhill Investments holds all seven at equal weight for a 0.30% gross expense ratio.

Are the Magnificent Seven still worth following?

They still decide a third of the S&P 500's market performance. Even if you hold none of them directly, their earnings shape your index returns.

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