The US Magnificent Seven stocks delivered a mixed performance in our Aussie FY25 (1 July 2024 – 30 June 2025), with one soaring 61% while two slipped in value.
The S&P 500 Index (SP: INX) rose by 13.63% in FY25. With dividends included, the total gross returns were 15.16%.
The S&P 500 closed FY25 at 6,204.95 points.
While a pleasing performance for investors, S&P 500 growth and total returns were well below that of FY24.
In FY24, the S&P 500 rose by 23.31% and delivered total gross returns of 25.02%.
What's coming next for US shares is anyone's guess.
Global markets took a big hit in April when US President Donald Trump announced the US reciprocal tariffs.
The market calmed down when he offered a 90-day reprieve on the full range of the tariffs.
That 90-day period ends next week.
Overnight, the S&P 500 reset its historical record at 6,227.6 points before closing just a smidgen lower at 6,227.42 points.
As for the US Magnificent Seven stocks, they were a mixed bag in FY25.
We rank the Mag 7 by annual share price growth below, starting with the No. 1 performer.
Here's how the Magnificent Seven stocks did last year
Tesla Inc (NASDAQ: TSLA)
Shares in electric vehicle manufacturer Tesla rose by a pleasing 61%.
The consumer discretionary share went from US$197.88 per share on 30 June 2024 to US$317.66 by the end of FY25.
Meta Platforms Inc (NASDAQ: META)
At the closing bell on the last trading day of FY24, US communications share Meta Platforms was worth US$504.22 per share.
At the close of trading on 30 June this year, the US tech stock was US$738.09.
This represents an excellent 46% increase in the Meta Platforms share price.
NVIDIA Corp (NASDAQ: NVDA)
NVIDIA shares rose from US$123.54 at the close on 30 June 2024 to US$157.99 by the end of FY25, up 28%.
Amazon.com, Inc. (NASDAQ: AMZN)
The Amazon share price ascended 13.5% from US$193.25 per share on 30 June 2024 to US$219.39 on 30 June 2025.
Microsoft Corp (NASDAQ: MSFT)
The Microsoft share price lifted 11% from US$446.95 per share on 30 June 2024 to US$497.41 by the end of FY25.
Alphabet Inc Class A and C (NASDAQ: GOOGL) (NASDAQ: GOOG)
Magnificent Seven communications stock Alphabet (Class A) lost 3.3% of its value in FY25.
The Alphabet share price fell from US$182.15 at the end of FY24 to US$176.20 by the end of FY25.
Apple Inc (NASDAQ: AAPL)
US tech stock Apple also fell in FY25.
Apple shares slipped 2.6% from US$210.62 at the close of FY24 to US$205.17 per share on 30 June.
What's next for the Magnificent Seven stocks?
John Flood from Goldman Sachs says recent earnings reports from the Mag 7 companies were "outstanding".
After share price falls for some members of the Mag 7 group, Flood reckons their valuations are looking more attractive.
Flood says:
July is typically a powerful month for corporate buybacks, which should be an additional source of demand for these names.
Put it all together, and I'm looking for the Magnificent 7 to outperform the broader market this summer.
