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Magnificent 7 — Historical Charts and Data
M7 index, 2022 = 100: 223.8 as of 2026-11-12. Magnificent 7 on History of Market: Magnificent 7 Market Cap Share; Magnificent 7 Trajectory. 7 charts with downloadable data, refreshed daily.
Magnificent 7 in figures
| Measure | Value | Date or period | Basis |
|---|---|---|---|
| Equal-weight index of the seven | 223.81 | Nov 12, 2026 | Average of seven adjusted closes, Jan 3, 2022 = 100 |
| Return this year (equal-weight index) | -1.1% | Nov 12, 2026 | Equal-weight index, since the previous year's last close |
| Below the index's highest close | -15.7% | Nov 12, 2026 | Equal-weight index; highest close on Oct 6, 2026 |
| Share of S&P 500 market value | 33.2% | Nov 13, 2026 | The seven companies' weights summed from SPY holdings (float-adjusted) |
| Highest share on file | 33.5% | Dec 31, 2025 | Quarter-end history and the latest reading |
| Average pairwise correlation | 0.24 | Nov 12, 2026 | Daily log returns over 60 trading days, mean of all pairs |
| Deepest fall of a single member | -76.7% (META) | Nov 3, 2022 | Daily closes from Jan 1, 2018, each against its own high |
| Hyperscalers' quarterly capital expenditure | $201.9B | Sep 30, 2026 | Cash capital expenditure in US dollars: AMZN, GOOGL, MSFT, and META |
| Change from the same quarter a year earlier | +107.6% | Sep 30, 2026 | Same companies, 2025-Q3 |
Computed from this site's published data files each time the page is built. Each measure links to the chart that holds the full series.
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Magnificent 7 Market Cap Share
M7 · Share of S&P 500 Market Cap — Seven Companies, One Third of the Market: S&P 500 Market Cap Share
Combined weight of the Magnificent 7 within the S&P 500, approaching peak concentration levels of the 1970s Nifty Fifty.
Hyperscaler AI Capital Expenditure
M7 · Hyperscaler CapEx — Cash Flow Divergence: AI Infrastructure Capex vs. Shareholder Returns
Quarterly infrastructure capex tracking across top cloud hyperscalers driving the AI compute buildout.
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Magnificent 7 Return Correlation
M7 · 60-Day Rolling Correlation — Magnificent 7 Correlation: Independent Alpha or a Unified Macro Trade?
Pairwise 60-day rolling return correlation matrix across the Seven: measuring herd behavior versus fundamental dispersion.
AI Valuation vs Dot-Com Era
AI Leaders · TTM PE vs Dotcom Peak — AI Leaders vs. 1999 Peak: Valuation Multiples in Historical Context
Forward P/E and price-to-sales multiples of leading AI hardware and cloud titans contrasted with 2000 peak bubble valuations.