By now, most of us would be aware that the seven US tech stocks collectively known as the 'Magnificent 7' have been some of the best investments to have owned over the past decade or two, even if they aren't directly available on the ASX.
Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms Inc (NASDAQ: META), NVIDIA Corporation (NASDAQ: NVDA), and Tesla Inc (NASDAQ: TSLA) are not only some of the most well-known stocks in the world, but are also household names. Chances are, most of us use at least one, if not more, of the goods and services these companies provide on a daily basis.
What you might not be aware of, however, is the kinds of returns some of these Magnificent 7 have delivered over just the past month. Two of the seven have jumped by roughly 23% and 24% respectively over May.
Let's check them out.
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Two Magnificent 7 stocks that rocketed 20%-plus in May
Well, we can immediately rule out Apple. The iPhone maker had a May to forget, dipping 5.48%.
It was a better month for the other six members of the Magnificent 7, though. Alphabet's Class A shares rose 8.15% over May. Amazon saw an 11.6% gain over the same period, while Microsoft bounced up 16.47%. Meta pipped that with a 17.94% vault higher.
But that couldn't compete with Nvidia and Tesla.
Tesla began May at a price of US$282.16 a share. But by the time trading wrapped up last week, those same shares were worth US$346.46 each. That's a gain worth 22.79% for the electric vehicle and battery manufacturer.
Nvidia did one better, though. The chipmaker and leader in artificial intelligence (AI) started May with a share price of US$108.92. Fast forward a month, and Nvidia last traded at US$135.13 a share. This means the Magnificent 7 stock recorded a surge of 24.06% for the month.
To be fair, the markets were coming off an exceptionally volatile April in the wake of President Trump's 'Liberation Day' tariffs on 2 April. These caused widespread panic in financial markets until they were subsequently delayed (and then struck down). Nvidia and Tesla were some of the hardest-hit stocks on the US markets over this period, with Nvidia dropping more than 14% in two days at one point and Tesla losing 20% in a week.
Even after the spectacular May both of these companies enjoyed, they remain in the red for 2025 to date. Since the start of the year, Tesla shares have been walked back by 8.65%, with Nvidia losing 2.3%.
Let's see what the rest of 2025 brings for the pair and the other Magnificent 7 tech stocks.
