'Magnificent Seven' Stocks Poised for Growth, Highlighting Nvidia, Tesla, and Alphabet
Wall Street analysts predict significant upside for Nvidia and Tesla, while Alphabet's AI and cloud computing drive its growth.
- Nvidia and Tesla are highlighted as two of the 'Magnificent Seven' stocks with significant upside potential of 78% and 80%, respectively, driven by advancements in AI and electric vehicles.
- Alphabet, another 'Magnificent Seven' stock, is recommended for investment due to its AI technology, cloud computing platform, and growing subscription services, signaling a strong growth trajectory.
- Nvidia's success is attributed to its dominance in the AI and GPU markets, with a projected revenue increase of 234% for its fiscal 2025 first quarter.
- Tesla's popularity, marked by the Model Y becoming the world's best-selling car, underscores the company's influence in the electric vehicle market despite a potential slowdown in growth for 2024.
- Alphabet's AI technology, named Gemini, is enhancing its search engine and advertising products, contributing to a double-digit revenue increase to $86.3 billion in Q4.