The Magnificent 7, or Mag 7, are a group of seven high-performing, trillion-dollar tech companies listed on US share market the Nasdaq. They are Google parent Alphabet (GOOGL, GOOG ), Amazon (AMZN), Apple (AAPL), Facebook and Instagram parent, Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). The term was first used in 2023 by Bank of America analyst Michael Hartnett to describe the Big Tech stocks that had boosted the S&P 500's 70% rally, starting in late 2022. Mag 7 takes its name from the 1960's Western film, The Magnificent Seven (remade in 2016 starring Denzel Washington and Chris Pratt). As indicated by Hartnett, these Big Tech stocks have had a significant influence on the global economy due to their size, growth, consistency, product market share, innovation and scalability.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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