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Euronews
Euronews
Piero Cingari

Magnificent Seven surpass EU GDP: Is this a tech bubble warning?

European Union GDP Nvidia Tesla Inc. Jordi Visser Robert Shiller United States Alphabet Amazon Apple

The combined market value of the United States' Magnificent Seven tech giants has now exceeded the entire output of the European Union, as a relentless rally in technology stocks stretches valuations and stokes concerns over potential market excess.

As of the close on 2 October 2025, the seven leading US tech companies — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta and Tesla — commanded a total market capitalisation of $20.8 trillion (€17.7tn), eclipsing the EU’s total economic output of $19.4tn (€16.5tn).

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