Mag 7 combined market cap hits record $24.8T; Nvidia closes at record high with $5.76T valuation
What happened
The seven mega-cap companies — Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta and Tesla — ended Monday's trading with a combined market capitalization of $24.836 trillion, a new record, according to Dow Jones Market Data. Nvidia, the largest company by market cap, finished the day with a record-high stock price, closing at $237.58 (+2.1%) for a market capitalization of roughly $5.76 trillion. Microsoft rose 1.5%, ending at its highest level since last October and moving back toward a $4 trillion market cap. The record aggregate is larger than the nominal GDP of every country in the world except the United States.
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Start your free 14-day trialWho’s affected
- Nvidia (NVDA) — record close $237.58, +2.1%, $5.76T market cap; dominant AI-accelerator exposure
- Microsoft (MSFT) — +1.5%, highest since last October, approaching $4T market cap; Melius upgraded to Buy with $665 PT today
- Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta (META), Tesla (TSLA) — the other Mag 7 contributors to the record aggregate
- Semiconductor sector broadly — record Nvidia valuation validates AI capex narrative across chips