Magnificent 7 stocks: How they stack up in 2026
For several of the seven, a large share of revenue comes from business customers — advertising and cloud services among the main drivers — rather than from consumers alone.
The Magnificent 7 are seven large-cap U.S. companies whose products shape how people compute, connect, shop and move. Five of the seven fall in the Technology sector, while Amazon.com ($AMZN) and Tesla ($TSLA) sit in Consumer Discretionary.
How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.
Company Name | Ticker | Share Price | Market Cap | In Watchlists |
|---|---|---|---|---|
NVIDIA | $233.95 | $5.56T | 461346 | |
Apple | $333.69 | $4.82T | 471610 | |
Alphabet | $343.50 | $4.12T | 52034 | |
Microsoft | $517.53 | $3.81T | 70342 | |
Amazon.com | $251.52 | $2.68T | 75080 | |
Meta Platforms | $728.08 | $1.85T | 444801 | |
Tesla | $370.59 | $1.40T | 492230 |
Past performance is not a reliable indicator of future performance.
Source: Stake market data. Figures in US$. Data updated as of 2 October 2026.
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1. NVIDIA ($NVDA)
NVIDIA (NVDA) share price over the last year: started at US$188.89, ended at US$233.95, a change of +23.9%. Range over the period: high US$235.74, low US$165.17. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$233.95 · Daily: 1.3% · Market cap: US$5.56T · Sector: Technology · Industry: Semiconductors
NVIDIA Corporation ($NVDA) designs the chips and software stack at the core of AI computing infrastructure. Its graphics processing units, or GPUs, handle the parallel computation that training and running AI models demands. The company's CUDA development platform gives developers a common foundation to build software across all $NVDA hardware – and hundreds of domain-specific libraries, frameworks and software development kits, or SDKs, extend that further into specific industries and applications.
The Compute & Networking segment handles data centre AI platforms, networking infrastructure and automotive systems designed for autonomous and electric vehicles. The Graphics segment sells GeForce GPUs into gaming and personal computers, alongside Quadro/NVIDIA RTX GPUs for professional workstations. CEO Jensen Huang leads a workforce of around 42,000 people across the company's operations.
2. Apple ($AAPL)
Apple (AAPL) share price over the last year: started at US$257.13, ended at US$333.69, a change of +29.8%. Range over the period: high US$341.07, low US$245.27. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$333.69 · Daily: 1.0% · Market cap: US$4.82T · Sector: Technology · Industry: Consumer Electronics
The iPhone sits at the centre of Apple Inc.'s ($AAPL) product lineup. Mac computers, iPads and a wearables range that includes smartwatches, wireless headphones and the Apple Vision Pro spatial computer extend well beyond it. CEO John Ternus leads a global workforce of 166,000 people across design, manufacturing and marketing.
Services make up a distinct part of what $AAPL does. The App Store connects developers with customers buying apps, games, books and podcasts. Subscription products include Apple Music, Apple TV+, Apple Arcade, Apple Fitness+ and Apple News+, with AppleCare, cloud storage and payment services rounding out that side of the business.
3. Alphabet ($GOOGL)
Alphabet (GOOGL) share price over the last year: started at US$245.69, ended at US$343.50, a change of +39.8%. Range over the period: high US$402.62, low US$236.57. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$343.50 · Daily: 1.6% · Market cap: US$4.12T · Sector: Technology · Industry: Software & IT
Alphabet Inc. ($GOOGL) organises Google's operations under a holding structure led by CEO Sundar Pichai, with 190,820 employees across three segments. Google Services covers products including Search, advertising, Android, YouTube, Chrome and Maps. Google Cloud is the enterprise arm, selling infrastructure, AI tools like Vertex AI and Gemini, and workspace software – Gmail, Docs and Drive – to business customers. A third segment, Other Bets, covers ventures in healthcare and internet services.
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4. Microsoft ($MSFT)
Microsoft (MSFT) share price over the last year: started at US$515.74, ended at US$517.53, a change of +0.3%. Range over the period: high US$542.07, low US$352.83. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$517.53 · Daily: 0.9% · Market cap: US$3.81T · Sector: Technology · Industry: Software & IT
CEO Satya Nadella leads Microsoft ($MSFT), a 223,000-person company organised across three segments. The productivity arm covers Microsoft 365 subscriptions, LinkedIn and the Dynamics suite of business applications. Azure sits at the centre of the cloud and AI segment, alongside GitHub, health and life sciences cloud services, and enterprise server software. The third segment brings together Windows, Xbox and search advertising.
5. Amazon.com ($AMZN)
Amazon.com (AMZN) share price over the last year: started at US$222.41, ended at US$251.52, a change of +13.1%. Range over the period: high US$284.02, low US$198.79. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$251.52 · Daily: 1.3% · Market cap: US$2.68T · Sector: Consumer Discretionary · Industry: Retail Stores
Amazon.com ($AMZN) sells merchandise and content directly and hosts third-party sellers on the same platforms. Under CEO Andrew Jassy, $AMZN serves customers through websites, mobile apps, Alexa devices, streaming services and physical stores. AWS, the cloud infrastructure arm, supplies compute, storage, database and machine learning services to developers, businesses and government agencies on demand. $AMZN also manufactures its own hardware line, including Kindle readers, Fire TV devices, Echo speakers and Ring cameras.
6. Meta Platforms ($META)
Meta Platforms (META) share price over the last year: started at US$727.05, ended at US$728.08, a change of +0.1%. Range over the period: high US$777.59, low US$525.72. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$728.08 · Daily: 0.3% · Market cap: US$1.85T · Sector: Technology · Industry: Software & IT
Meta Platforms ($META) runs the apps that a significant portion of the world uses to stay in touch. Facebook, Instagram, WhatsApp, Messenger and Threads all sit under the Family of Apps segment, which is how $META earns the bulk of its revenue through advertising across those platforms.
The second segment, Reality Labs, covers a different kind of ambition. That's where the Meta Quest headsets live, alongside the software and content sold through the Meta Horizon Store. It's the company's push into virtual, augmented and mixed reality – hardware and software together, under CEO Mark Zuckerberg's direction. $META employs 78,865 people across both arms of the business.
Artificial intelligence runs through the product work on both sides. The company describes it as central to how its apps surface content, connect people and improve the experience across devices ranging from phones to VR headsets to wearables.
7. Tesla ($TSLA)
Tesla (TSLA) share price over the last year: started at US$436.00, ended at US$370.59, a change of −15.0%. Range over the period: high US$489.88, low US$298.32. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$370.59 · Daily: 4.7% · Market cap: US$1.40T · Sector: Consumer Discretionary · Industry: Cars & Auto Parts
Tesla, Inc. ($TSLA) sits in Consumer Discretionary rather than Technology – its core business is manufacturing and selling physical products, chiefly fully electric vehicles. The lineup runs from the Model 3 and Model Y through the Model S, Model X and Cybertruck. Beyond new car sales, the automotive segment also covers used vehicles, maintenance, paid Supercharging, insurance services and automotive regulatory credits.
$TSLA also runs an energy business that designs, manufactures and installs solar systems, with the Powerwall aimed at residential battery storage and the Megapack built for utility-scale applications. Elon Musk serves as CEO, and the company employs 134,785 people.
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Common questions
How do I invest in Magnificent 7 stocks in New Zealand?
All seven trade on U.S. exchanges and can be bought individually through a share trading platform with access to U.S. markets. You can also reach most or all of them through a broad U.S. equity ETF – market-cap-weighted index funds hold these companies in proportion to their size, so the largest names tend to carry significant weight. Buying individual shares lets you choose which of the seven you hold; the ETF route spreads the position across a much wider pool of companies.
What are the key risks of Magnificent 7 stocks?
Some of the key risks include concentration – holding just seven names means a single earnings miss or product setback can move the overall position significantly. These companies operate across areas subject to regulatory scrutiny, including antitrust, data privacy and AI policy, and shifts in that landscape can affect how they operate and what they're permitted to do. Currency movements between the NZD and USD affect both what a purchase costs and the NZD value of any proceeds. Each company also faces competition in its core markets, and technology shifts can erode advantages that look durable today.
What are the Magnificent 7?
The Magnificent 7 is a market nickname for seven U.S.-listed mega-cap companies – Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta Platforms and Tesla – that have drawn significant attention for their size and reach across technology-adjacent industries. The term has no formal definition; it isn't a regulated index or official fund category, and the composition could shift over time. Five of the seven sit in the Technology sector, while Amazon and Tesla are classified under Consumer Discretionary, which reflects how varied the underlying businesses actually are.
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Disclaimer
Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.
This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.
Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.
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This article combines AI and human review from our analysts to bring you accurate, informative investing content at speed. For questions or suggestions, contact stakedesk@stake.com.au.
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