2 "Magnificent Seven" Stocks to Buy on the Dip
Buying shares of industry leaders that are drowning in cash is a simple but effective long-term investment strategy. Winners tend to keep on winning, and with that in mind, investors might want to consider using the market sell-off to add a few "Magnificent Seven" stocks to their portfolio.These are competitively strong businesses that are well positioned to benefit from the adoption of artificial intelligence (AI). They are also generating enormous free cash flow while investing in the future. Here are two I'd consider buying now for the long term.The future of computing is rooted in AI. However, before anyone can use a chatbot, self-driving car, or any number of things powered by AI, there has to be an investment in advanced chips that assist in building the most advanced AI models. This opportunity could be worth multiples of Nvidia's (NASDAQ: NVDA) annual revenue within the next decade.Continue reading
Buying shares of industry leaders that are drowning in cash is a simple but effective long-term investment strategy. Winners tend to keep on winning, and with that in mind, investors might want to consider using the market sell-off to add a few "Magnificent Seven" stocks to their portfolio.
These are competitively strong businesses that are well positioned to benefit from the adoption of artificial intelligence (AI). They are also generating enormous free cash flow while investing in the future. Here are two I'd consider buying now for the long term.
The future of computing is rooted in AI. However, before anyone can use a chatbot, self-driving car, or any number of things powered by AI, there has to be an investment in advanced chips that assist in building the most advanced AI models. This opportunity could be worth multiples of Nvidia's (NASDAQ: NVDA) annual revenue within the next decade.
