Forge insights

The public "Magnificent 7" (Mag 7) draw significant attention, and rightly so. These seven U.S. technology giants collectively represent over $20 trillion in market value. But beyond analyzing their public market performance, it's equally instructive to look at how these companies deploy capital from their balance sheets. As companies stay private longer and reach unprecedented valuations, the need for capital to support innovation grows, and one important source is the Mag 7 themselves.