Technology is everywhere.
The Metas (formerly Facebook), Amazons, Apples, Microsofts, Nvidias, and Googles of the world are some of the biggest companies in existence.
You are likely using one to read this right now and will use many products of these companies this very day.
Did you know that the Magnificent 7 (minus Tesla) profit $1 million every single minute of the day?
$1.4 million to be precise.
The stock prices have shown the profit-making power of these companies, and their shareholders have benefited greatly.
While the worst performing one—Meta—is up 441% in the last decade, the best performing one—Nvidia—is up over 17,000%.
But here is something that may surprise you. By one measure, the Mag 7 as a whole are cheaper relative to the S&P 500 than they’ve been in approximately 10 years.1
This year it’s the rest of the S&P 500 that’s outperforming.
The above chart illustrates two things: sector rotation and the importance of diversification.
I don’t tell people to buy stocks in Internet Land, so don’t take any of this as such, but all of the above is a good reminder of how integral technology is to our world and the stock market itself.
By the time you’ve finished reading this, most of those companies together will have bagged another milli or more.
Jaw-dropping.
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Sources:
1. Chart from JPMorgan and quoted from Blaine Rollins’ “Weekly Research Briefing” on June 30, 2026. Accessed online.