Apple and Tesla Lag Behind as AI Drives Growth for Other Tech Giants

Despite a slow start to 2024, Apple and Tesla face challenges while other 'Magnificent Seven' stocks benefit from AI advancements.

Apple's new AI features could boost future iPhone sales but have yet to impact 2024 significantly.
Tesla struggles with pricing pressures and competition, affecting sales and profit margins.
Alphabet and Meta Platforms leverage AI to enhance their advertising businesses, showing strong growth.
Nvidia, Microsoft, and Amazon continue to outperform the S&P 500, driven by AI innovations.
Investors remain cautious about Apple's and Tesla's high valuations amid uncertain near-term prospects.