The Nasdaq-100 is made up of 100 of the largest nonfinancial companies listed on the Nasdaq stock exchange. It has delivered a return of 343% over the past decade, doubling the gain of the more diversified S&P 500 thanks to its high concentration of the world’s largest tech stocks.
But the Nasdaq-100 can also be more volatile during times of uncertainty, and it’s currently in correction territory after a 13% decline from its recent peak. Some of the largest constituents in the index, namely the “Magnificent Seven,” are leading the decline. This group of seven companies earned their nickname for their tendency to outperform the broader market (notwithstanding the occasional rough patch) and their incredible size. Here they are, along with their recent market caps:
