The total market value of the Magnificent Seven tech giants soared past $22.2 trillion on Wednesday, powered by a surge in Nvidia Corp. (NASDAQ:NVDA), which crossed the $5 trillion valuation mark for the first time ever—now eclipsing the entire economy of Japan.

Shares of the AI chip leader jumped 4.4% in early trading, building on Tuesday's 5% rally, after CEO Jensen Huang revealed the company has booked $500 billion in AI datacenter orders for 2026, and announced plans to build seven AI supercomputers for the U.S. Department of Energy.

Nvidia has now gained more than 55% year-to-date, outperforming all other names in the Magnificent Seven group and continuing a streak that saw it rise 239% in 2023 and 171% in 2024.

At $5 trillion, Nvidia is now bigger than Japan's GDP, which sits at $4.4 trillion—the world’s third–largest, according to the latest IMF data.

The Magnificent Seven—Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. and Tesla Inc. (NASDAQ:TSLA)—now carry a combined value higher than China's entire economy, which stands at approximately $19.5 trillion, trailing the group by over 15%.

The top two names, Nvidia and Microsoft, now command over $9 trillion together, exceeding the combined GDP of Germany and the United Kingdom – Europe’s largest economies, which stands at $8.65 trillion.

Apple also joined the $4 trillion club this week, becoming the third company in history to do so after Microsoft and Nvidia.

In terms of market concentration, Magnificent Seven stocks now represent over 37% of the S&P 500.

Name	Market Cap	Total Return (YTD)
NVIDIA Corporation	$ 5,069.66B	55.39%
Microsoft Corporation	$ 4,036.35B	29.54%
Apple Inc.	$ 3,994.53B	7.87%
Alphabet Inc.	$ 3,252.26B	41.94%
Amazon.com, Inc.	$ 2,466.078	5.40%
Meta Platforms, Inc.	$ 1,890.90B	28.86%
Tesla, Inc.	$ 1,537.51B	14.47%
Combined Market Cap	$ 22,247.28B
Average YTD Return		26.42%

Nvidia’s AI Boom Fuels Mag 7 Surge

The Roundhill Magnificent Seven ETF (NYSE:MAGS), which tracks these seven stocks, is up 27% year-to-date, handily beating the Vanguard S&P 500 ETF (NYSE:VOO)'s 18% and the Invesco QQQ Trust (NASDAQ:QQQ)’s 24% climb.

"AI euphoria is once again causing the Magnificent Seven to outperform the Impressive-493," Ed Yardeni said on Wednesday.

Goldman Sachs analyst James Schneider said Nvidia now has visibility into $500 billion in cumulative Datacenter revenue for 2025–26, a figure that is 12% above consensus estimates from Visible Alpha.

Investors now await Alphabet, Meta and Microsoft earnings after Wednesday’s market close. Apple and Amazon report on Thursday.

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