noun
General Slang
Mag7
· noun · finance
Desk shorthand for the Magnificent Seven US tech mega-caps.
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Definitions
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The seven trillion-dollar US tech names traders treat as one trade: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla. When the Mag7 sneezes, the S&P catches it, because they're carrying half the index on their backs.
“Breadth is awful — strip out the Mag7 and the market's basically flat YTD.”
by community
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Mag7 In A Sentence
Breadth is awful — strip out the Mag7 and the market's basically flat YTD.
Origin & Usage
Coined by Bank of America analyst Michael Hartnett in 2023, riffing on the 1960 western The Magnificent Seven.
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