Forget the US Magnificent 7 - Europe has its own 見解／翻訳／版 which has 配達するd better growth so far in 2024
- Europe's 最高の，を越す tech 在庫／株s have grown by 15% since the beginning of 2024?
- eToro says the US seven's 支配する?on the market is 緩和するing as Apple and Tesla slip
The 最高の，を越す seven European tech 在庫／株s 配達するd higher growth in the first three months of 2024 compared with the much-称讃するd Magnificent 7 US group, eToro data shows.
Europe's own 'Magnificent 7', which 構成するs ASML, SAP, Adyen, RELX, Infineon, STMicroelectronics and Capgemini, 配達するd 15 per cent growth, より勝るing the seven US tech 巨大（な）s, which have risen by 12 per cent.
The Magnificent 7 US 在庫／株s: Apple, アマゾン, Alphabet, Meta, Microsoft, Nvidia and Tesla, 愛称d for their 大規模な value and growth in 2023, are 価値（がある） more than the 株式市場s of the UK, Japan, フラン, 中国 and Canada 連合させるd.
殺到: Europe's 'Magnificent 7' tech 在庫／株s have 配達するd higher returns than their US competitors in 2024
The seven big hitters h elped to 押し進める the S&P 500 up 19 per cent last year, 反して the 索引 would have risen just five per cent without their input.?
The companies 構成する almost a third, 29 per cent, of the S&P 500's value.
While the Mag 7 have undoubtedly proven sound 投資s, 配達するing 106 per cent returns over 2023, data from eToro 示すs that in 2024, Europe's own tech 在庫／株s are so far 配達するing more attractive 利ざやs.
Over the past five years though, the US Mag 7 has 配達するd returns of 291 per cent, compared with the EU Mag 7's 160 per cent.
The EU Mag 7, like the US 見解／翻訳／版, is made up of tech-based 在庫／株s. However, these 在庫／株s are able to 利益 more, によれば eToro, because the European market doesn't have such a tech dominance.
Ben Laidler, 全世界の Markets Strategist at eToro, said: 'Europe's 'Magnificent 7' have 潜在的に benefitted from a scarcity valuation 賞与金, since the tech and communications 部門s only account for 11 per cent of the European market, compared to a 抱擁する 40 per cent in the US.
'Although the European Mag 7 have 歴史的に lagged behind US peers, they 終始一貫して outperform the Stoxx 600 and are 伸び（る）ing 重要な 勢い this year.?
'At the 最前部 is 半導体 company ASML, whose 在庫／株 has jumped 50 per cent over the past year as its lithography machines are 力／強力にするing the 大規模な growth of AI.'
He 追加するd: 'On the other 手渡す, with Tesla and Apple 滞るing recently, the American Mag 7 seems to be 緩和するing their 集団の／共同の 支配する on the markets.'
ASML, while by far the most 価値のある of the EU Mag 7, is dwarfed by its US Mag 7 competitors.
With a market capitalisation of ?364billion ($454billion), ASML vastly outsizes the 残り／休憩（する） of the EU Mag 7, ?150billion ahead of the second largest, SAP.
Even so, ASML lags behind even the smallest of the US Mag 7, Tesla, which has a market cap of $492billion.
The other six in the US have market caps of more than $1trillion, with Microsoft the largest at $3.09 一兆.
一方／合間, the Granolas, Europe's other 始める，決める of 在庫／株s that has been 法案d to 競争相手 the Magnificent 7, has risen just four per cent so far this year.
| 在庫／株 | Year-to-date | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| ASML | < td>34%50% | 72% | 459% | |
| SAP | 22% | 47% | 46% | 78% |
| RELX | 8% | 27% | 74% | 90% |
| Adyen | 24% | 0% | -28% | 116% |
| Infineon | -15% | -11% | -10% | 63% |
| STMicroelectronics | -14% | -16% | 19% | 162% |
| Capgemini | 9% | 22% | 36% | 100% |
So 指名するd for the 連合させるd first 初期のs, which （一定の）期間 Grannnllass, the eleven companies are '国祭的な-exposed 質 growth compounders,' によれば Goldman Sachs 分析家s.
The Granolas are made up of GlaxoSmithKline, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP and Sanofi.
'The Granolas 在庫／株s have driven Stoxx 600 伸び（る）s in the longer 称する，呼ぶ／期間／用語 but their 防御の growth has lagged in the past year as 投資家s have looked for more direct 受益者s of Europe's coming 利益／興味 率 削減（する）s and 経済的な 回復,' Laidler said
'While the Granolas 申し込む／申し出 a diversified and lower valuation 大臣の地位 than the US Magnificent 7, 投資家s may want to look at Europe's biggest tech players for an 代案／選択肢 way to 利益（をあげる） from 全世界の 科学（工学）技術 growth.'
