# Magnificent 7 — Historical Charts and Data

Source: https://historyofmarket.com/mag7/
Language: en
License: data CC BY 4.0, text © History of Market — cite "History of Market (historyofmarket.com)" and link the source page. Terms: https://historyofmarket.com/license/
Section: History of Market › Magnificent 7

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](https://historyofmarket.com/mag7/mag7-index/) | 223.81 | Nov 12, 2026 | Average of seven adjusted closes, Jan 3, 2022 = 100 |
| [Return this year (equal-weight index)](https://historyofmarket.com/mag7/mag7-index/) | -1.1% | Nov 12, 2026 | Equal-weight index, since the previous year's last close |
| [Below the index's highest close](https://historyofmarket.com/mag7/mag7-index/) | -15.7% | Nov 12, 2026 | Equal-weight index; highest close on Oct 6, 2026 |
| [Share of S&P 500 market value](https://historyofmarket.com/mag7/mag7-concentration/) | 33.2% | Nov 13, 2026 | The seven companies' weights summed from SPY holdings (float-adjusted) |
| [Highest share on file](https://historyofmarket.com/mag7/mag7-concentration/) | 33.5% | Dec 31, 2025 | Quarter-end history and the latest reading |
| [Average pairwise correlation](https://historyofmarket.com/mag7/mag7-correlation/) | 0.24 | Nov 12, 2026 | Daily log returns over 60 trading days, mean of all pairs |
| [Deepest fall of a single member](https://historyofmarket.com/mag7/mag7-drawdown/) | -76.7% (META) | Nov 3, 2022 | Daily closes from Jan 1, 2018, each against its own high |
| [Hyperscalers' quarterly capital expenditure](https://historyofmarket.com/mag7/mag7-ai-capex/) | $201.9B | Sep 30, 2026 | Cash capital expenditure in US dollars: AMZN, GOOGL, MSFT, and META |
| [Change from the same quarter a year earlier](https://historyofmarket.com/mag7/mag7-ai-capex/) | +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.

## § I

- [M7 · Equal Weight Index — Magnificent 7 Equal-Weight Performance and Member Dispersion](https://historyofmarket.com/mag7/mag7-index/) (Magnificent 7 Trajectory) — Total return trajectories and internal dispersion across the seven mega-cap tech champions since common base date.

## § II

- [M7 · Share of S&P 500 Market Cap — Seven Companies, One Third of the Market: S&P 500 Market Cap Share](https://historyofmarket.com/mag7/mag7-concentration/) (Magnificent 7 Market Cap Share) — Combined weight of the Magnificent 7 within the S&P 500, approaching peak concentration levels of the 1970s Nifty Fifty.
- [M7 · Hyperscaler CapEx — Cash Flow Divergence: AI Infrastructure Capex vs. Shareholder Returns](https://historyofmarket.com/mag7/mag7-ai-capex/) (Hyperscaler AI Capital Expenditure) — Quarterly infrastructure capex tracking across top cloud hyperscalers driving the AI compute buildout.

## § III

- [M7 · Per-member Drawdown — Magnificent 7 Individual Peak-to-Trough Drawdown Trajectories](https://historyofmarket.com/mag7/mag7-drawdown/) (Magnificent 7 Drawdowns) — Individual peak-to-date drawdowns and recovery velocities across the seven leading tech market leaders.

## § IV

- [M7 · 60-Day Rolling Correlation — Magnificent 7 Correlation: Independent Alpha or a Unified Macro Trade?](https://historyofmarket.com/mag7/mag7-correlation/) (Magnificent 7 Return Correlation) — Pairwise 60-day rolling return correlation matrix across the Seven: measuring herd behavior versus fundamental dispersion.
- [AI Leaders · TTM PE vs Dotcom Peak — AI Leaders vs. 1999 Peak: Valuation Multiples in Historical Context](https://historyofmarket.com/mag7/mag7-ai-valuation/) (AI Valuation vs Dot-Com Era) — Forward P/E and price-to-sales multiples of leading AI hardware and cloud titans contrasted with 2000 peak bubble valuations.

## § V

- [M7 · Historical Lineage — Market Leadership Lineage: From the Nifty Fifty to the Magnificent 7](https://historyofmarket.com/mag7/mag7-predecessors/) (Historical Market Cap Dynasties) — From Standard Oil, General Motors, and IBM to modern tech titans: a century of succession among market cap leaders.

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Machine index: https://historyofmarket.com/llms.txt