It has a diversified business but is still heavily dependent on Google Search. The "Magnificent Seven" refers to seven of the largest tech-focused companies by market capitalization -- Nvidia, Microsoft, Apple, Amazon, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms, and Tesla. The Magnificent Seven haven't been as dominant in 2025, with names like Apple and Alphabet underperforming the S&P 500.