2 Bargain "Magnificent Seven" Stocks to Ride the AI Investing Wave
The "Magnificent Seven" isn't just a Western from 1960. It's also a group of tech stocks that led the Nasdaq (NASDAQINDEX: ^IXIC) to double-digit gains over the past two years. I'm talking about Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon, Apple, Meta Platforms (NASDAQ: META), Microsoft, Nvidia, and Tesla. These tech players have all demonstrated their ability to deliver growth. In recent times, they've shown their strengths in the high-potential area of artificial intelligence (AI), a market expected to top $1 trillion by the end of the decade.So it's no surprise that these players caught investors' fancy and soared as the AI boom progressed. But in recent times, the Magnificent Seven haven't been leading gains. Instead, they've led declines. As investors worry about the effect U.S. President Donald Trump's import tariffs may have on the economy, companies depending on growth have seen their shares tumble. That's left the Nasdaq in correction territory, and Magnificent Seven players at much lower valuations than a few weeks ago.But here's some reassuring news: Though economic troubles may weigh on these and other companies in the near term, the long-term AI story remains hearty, with companies investing billions of dollars annually in their platforms. So now is a great time to invest in AI players with solid long-term potential. Let's check out these two bargain Magnificent Seven stocks.Continue reading
The "Magnificent Seven" isn't just a Western from 1960. It's also a group of tech stocks that led the Nasdaq (NASDAQINDEX: ^IXIC) to double-digit gains over the past two years. I'm talking about Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon, Apple, Meta Platforms (NASDAQ: META), Microsoft, Nvidia, and Tesla. These tech players have all demonstrated their ability to deliver growth. In recent times, they've shown their strengths in the high-potential area of artificial intelligence (AI), a market expected to top $1 trillion by the end of the decade.
So it's no surprise that these players caught investors' fancy and soared as the AI boom progressed. But in recent times, the Magnificent Seven haven't been leading gains. Instead, they've led declines. As investors worry about the effect U.S. President Donald Trump's import tariffs may have on the economy, companies depending on growth have seen their shares tumble. That's left the Nasdaq in correction territory, and Magnificent Seven players at much lower valuations than a few weeks ago.
But here's some reassuring news: Though economic troubles may weigh on these and other companies in the near term, the long-term AI story remains hearty, with companies investing billions of dollars annually in their platforms. So now is a great time to invest in AI players with solid long-term potential. Let's check out these two bargain Magnificent Seven stocks.
