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

Benzinga ·  04:31

The Magnificent Seven, a group of top-performing tech stocks, has delivered extraordinary returns sinceJoe Bidenwas elected in early November 2020, significantly outpacing the broader stock market.

An equally weighted portfolio ofMicrosoft 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), andTesla, 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...

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