magnificent seven

English

Alternative forms

Etymology

After the 1960 Western film The Magnificent Seven.

Noun

the magnificent seven pl (plural only)

  1. (business, colloquial) Seven Big Tech companies or their stock: Apple, Amazon, Alphabet Inc., Nvidia, Tesla, Meta, and Microsoft.
    Synonym: Mag7
    Coordinate term: FANG
    • 2023 July 20, “Big tech’s dominance is straining the logic of passive investing”, in The Economist‎, →ISSN:
      The “magnificent seven” now account for 29% of the market value of the S&P 500, and a whopping 61% of the NASDAQ 100, up from 20% and 53%, respectively, at the start of the year.
  2. (colloquial, UK) Seven large private cemeteries established in London in the 19th century.

Further reading
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.