No, not the classic western movie. America’s amazing tech firms.

In the first quarter of 2025 the Magnificent Seven lost $2.6 trillion in market value:

The magnitude of these dollar losses was unprecedented in the history of the stock market. Some were saying the tech boom was over.

Instead, these companies have roared back to life with Nvidia gaining another $1 trillion in valuation so far this year. Apple and Tesla are the exceptions.

The combined net worth of these seven American companies today is $19 trillion, which is up from $3 trillion 10 years ago.

No wonder Europe and Asia are so green with envy.

The chart below shows the spectacular growth of these tech companies over the past decade. If these trends continue, these firms may have more value than all the firms in the rest of the world combined.