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

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.

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. This equates to a compounded annualized growth rate, or CAGR, of about 25%.

To put this in perspective, an investor who put $10,000 into this tech-heavy basket on Nov. 3, 2020 would have seen their investment grow to roughly $31,360 by Nov. 5, 2024.

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.

Here’s a closer look at how these tech giants fared individually under Biden and how their performance compares to the Trump era.

Magnificent 7 Performance In The Biden Years

https://www.benzinga.com/markets/equities/24/11/41756882/magnificent-7-basket-notches-over-200-gain-since-bidens-election-how-did-tech-giants-perform-und