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Magnificent 7 — Historical Charts and Data

Every Magnificent 7 chart, valuation metric, drawdown record, and constituent breakdown from History of Market. 6 panels, refreshed daily.

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§ I

M7 · Equal Weight Index — Magnificent 7 Equal-Weight Index Indexed to 2022-01-03 = 100; seven members, equal weight, no dividends. The question this chart answers: 'if you'd bought all seven equally at the start of 2022, where would you be today — and how big is the gap between members?'

§ II

M7 · Share of S&P 500 Market Cap — Seven companies, a third of US equities From 13% in 2018 to over 33% at year-end 2024 — these seven stocks hold a third of the S&P 500's market cap. Since the 1970s Nifty Fifty, no comparable single group has held this much weight. Each quarterly point carries its own note.

§ III

M7 · Per-member Drawdown — Each member's drawdown trajectory Daily peak-to-date drawdown for each of the seven names since 2018, on the same canvas. MSFT has stayed steadiest throughout; TSLA has the widest amplitude; META fell -77% in 2022 and then doubled in 14 months.

§ IV

M7 · 60-Day Rolling Correlation — Are the seven becoming a single trade? Top: a heatmap of the pairwise correlation matrix over the trailing 60 trading days. Bottom: the average off-diagonal correlation rolling daily over the last 5 years. The closer to 1, the more 'the seven' behave like 'the one'. This is the chart that answers what's left of diversification inside M7. AI Leaders · TTM PE vs Dotcom Peak — How far is today's NVDA from 1999's Cisco? NVDA / MSFT / META / GOOGL trailing-twelve-month PE since 2022, with horizontal reference bands marking the 1999-2000 dotcom-peak forward PE prints (CSCO 140×, ORCL 150×, SUNW 120×, MSFT 60×, INTC 50×). This chart answers the AI-bubble question head-on — measure today's NVDA against the Cisco line at 140×.

§ V

M7 · Historical Lineage — The Magnificent 7's ancestors M7 didn't appear from nowhere. Nifty Fifty (1972) → Four Horsemen (1999) → FANG (2013) → FAANG (2017) → Magnificent 7 (2023) — each generation had its 'unbeatable' run and at least one -40% drawdown. The lineage: