M-cap of top 7 global tech stocks surged 61% last year, shows data

The market capitalisation of the top seven global tech stocks  — Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla, and NVIDIA — have grown 61 per cent in the past year, or by $3.2 trillion, to $8.4 trillion. 

Apple alone commands a market cap of over $2.2 trillion, which is more than GDP of several countries, such as Brazil, Italy, Canada, and Russia. According to reports, Tesla has become the largest-ever addit­ion to the S&P 500 index, with the fifth heftiest weighting after posting five straight profitable quarters. 

Tesla’s share price has risen 729 per cent in the past year,