Magnificent 7 Basket Notches Over 200% Gain Since Biden's Election: How Did Tech Giants Perform Under Trump?
In This Article:
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The Magnificent Seven, a group of top-performing tech stocks, has delivered extraordinary returns since Joe Biden was elected in early November 2020, significantly outpacing the broader stock market.
An equally weighted portfolio of Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Tesla, Inc. (NASDAQ:TSLA) has returned 213.6% over the last four years. This equates to a compounded annualized growth rate, or CAGR, of about 25%.
Don’t Miss:
-
These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends
-
Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
To put this in perspective, an investor who put $10,000 into this tech-heavy basket on Nov. 3, 2020 would have seen their investment grow to roughly $31,360 by Nov. 5, 2024.
In contrast, an equivalent investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have grown by 74%, for a CAGR of just 14.8%, resulting in an end balance of about $17,400.
Here’s a closer look at how these tech giants fared individually under Biden and how their performance compares to the Trump era.
Magnificent 7 Performance In The Biden Years
| Stock | Return (%) | CAGR (%) | Market Cap (Nov. 3, 2020) | Market Cap (Nov. 5, 2024) |
|---|---|---|---|---|
| NVIDIA | 967.92% | 80.56% | $321.69 billion | $3.42 trillion |
| Meta Platforms | 114.22% | 20.98% | $755.65 billion | $1.44 trillion |
| Alphabet | 105.85% | 19.78% | $1.1 trillion | $2.09 trillion |
| Apple | 101.13% | 19.08% | $1.88 trillion | $3.37 trillion |
| Microsoft | 99.55% | 18.85% | $1.56 trillion | $3.07 trillion |
| Tesla | 77.48% | 15.42% | $415.27 billion | $807.74 billion |
| Amazon | 29.36% | 6.64% | $1.53 trillion | $2.08 trillion |
| Average return, CAGR | 213.64% | 25.02% | $7.58 trillion | $16.26 trillion |
Trending: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Among the Magnificent Seven, Nvidia as been the standout performer under Biden, surging 967.92% with an annualized return of 80.56%. This explosive growth, driven by the AI boom and demand for GPUs, has catapulted NVIDIA's market cap from $321.69 billion to over $3.4 trillion.
