You can’t spell growth without AI these days. I’m kidding, of course, but there’s at least some truth in the tongue-in-cheek statement.
AI provided a massive tailwind for the top growth stocks last year. These high-flying stocks are collectively known as the “Magnificent Seven: Google parent Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia (NASDAQ: NVDA), and Tesla. The momentum is continuing in 2024 for several of them.
The level of magnificence for these stocks varies, though. Which Magnificent Seven stock is poised for the most spectacular growth? Here’s the hands-down winner — at least over the next few years.
“The tipping point of a new computing era”
All of the Magnificent Seven stocks could have tremendous long-term prospects. Alphabet, Amazon, and Microsoft should enjoy strong growth as organizations move to the cloud to run AI apps. Apple has opportunities in…