Magnificent 7 Basket Notches Over 200% Gain Since Biden's Election: How Did Tech Giants Perform Under Trump?

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Magnificent 7 Basket Notches Over 200% Gain Since Biden's Election: How Did Tech Giants Perform Under Trump? - Benzinga

Quick Summary:

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.

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.

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.