Wall Street Looks Beyond Magnificent 7 for Winning AI Stocks
Broadcom, Oracle and Palantir have earned a place in the pantheon of winners.
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Wall Street’s most powerful grouping of stocks, the Magnificent Seven, is looking a tad dated. Make way for the Great Eight. Or maybe the Golden Dozen. Or the TenAI of GenAI.
It has been almost three years since OpenAI’s ChatGPT made artificial intelligence the center of the global conversation around tech, and in that time one trade has dominated the US stock market: Buy the Mag Seven. Investors saw the group — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta and Tesla — as best positioned to deliver huge returns during the biggest technological shift since the internet.