Alphabet Ranks Second with $3 Trillion Market-Cap Gain
Alphabet has added nearly $3 trillion of market value since the S&P 500 bear-market low on October 12, 2022, ranking second among the Magnificent Seven stocks. Nvidia led with almost $5 trillion of gains over the same period, driving the AI-led rally.
1. Bull Market Contributions of Magnificent Seven
Since the S&P 500 bottomed on October 12, 2022, the Magnificent Seven stocks have collectively added nearly $15 trillion in market capitalization, representing almost half of the broader index's gains over that period.
2. Alphabet's Market-Cap Growth
Alphabet has contributed nearly $3 trillion of this total, ranking second among the group and underscoring its significant role in the mega-cap rally fueled by digital advertising and cloud growth.
3. Nvidia's Dominance
Nvidia has led the pack, adding almost $5 trillion in market value as the AI trade accelerated following the launch of ChatGPT 3.5, driving successive upside waves.
4. Shifting Weightings Within the Group
Within the group, weightings have shifted dramatically: Apple's share fell from nearly 30% to just under 18%, while Nvidia's stake climbed from below 4% to about 23%, reshaping market leadership.
