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The recent increase in the collective valuation of a group of leading technology companies known as the Magnificent Seven—Apple, Microsoft (NASDAQ: ), Alphabet (NASDAQ: ), Amazon (NASDAQ: ), Nvidia (NASDAQ: ), Meta and Tesla—has surpassed $18 trillion, which is the first time in the history of the market. Nigel Green, CEO of the deVere Group, one of the world’s largest financial advisory organizations, expressed a strong belief that these technology behemoths will maintain their market dominance until 2025.
Green noted the unprecedented market value of these companies, which now exceeds the annual GDP of every country except the United States and China. He attributed their success to a consistent track record of exceeding ambitious market projections, establishing them as primary drivers of global innovation and wealth creation.
Despite moderate earnings growth, Big Tech is expected to continue to outperform the broader. Their leadership in high-growth sectors such as artificial intelligence (AI), cloud computing, electric vehicles (EVs) and digital advertising is a key factor in their sustained success. Green emphasized that the companies’ expansion into transformative technologies and their proven ability to deliver under pressure will keep their leadership position secure in the coming year.
Green pointed to the companies’ decade-long pattern of consistent performance, which he believes is a direct result of their focus on innovation, diversification and execution at scale. He predicted that 2025 will be another significant year for these companies, driven by their investments in breakthrough technologies and their dominance in sectors crucial to the future economy.
Artificial intelligence stands out as a central pillar of this bullish outlook. Nvidia remains at the forefront of AI hardware, while Microsoft continues to integrate AI-driven tools into its suite of enterprise services. Amazon is using AI to improve its AWS cloud services, and Meta Platforms ( NASDAQ: ) is optimizing its advertising platforms with AI technology. Tesla (NASDAQ: ) is advancing artificial intelligence in EV technology and autonomous driving. Alphabet and Apple (NASDAQ: ) are expanding their AI-based healthcare technology and hardware ecosystems.
Despite the optimistic outlook, Green acknowledged potential risks, including high multiples and increasing regulatory scrutiny. The Magnificent Seven trades at about 40 times earnings, a valuation that leaves little room for error. Governments around the world are also looking to rein in their influence, particularly in AI. Moreover, heavy investments in next-generation technologies can affect short-term margins.
Green concluded by downplaying concerns about valuations and regulatory challenges, arguing that the opportunities offered by Big Tech far outweigh these risks. He sees these companies as disruptors of entire industries and reshapers of everyday life, making them an essential part of any growth-focused investment portfolio.
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