Forget Buying All Seven: The "Magnificent Seven" Stock Most Likely to Double by 2028

Published September 19, 2026 · Category: Finance

Overview

I think the megacap technology businesses -- otherwise known as the "Magnificent Seven" -- are fantastic businesses. These include Nvidia, Tesla, Alphabet, Apple, Microsoft, and Meta Platforms. But it is the seventh member of the Magnificent Seven, I think, that has the best chance to double by the end of 2028: Amazon (NASDAQ: AMZN).

The technology player is a beneficiary of artificial intelligence (AI) and also enjoys massive economies of scale in its e-commerce delivery business. Here's why I think the stock can double by the end of 2028 if the AI spending boom continues.

Details

The AI boom has been a huge boon for Amazon's cloud computing division, Amazon Web Services (AWS). Revenue grew 37% year over year last quarter and hit $148.4 billion over the last 12 months. If AWS' backlog growth is any indication, along with its massive capital spending plans, this revenue growth should accelerate in the quarters ahead.

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Source

Originally published at www.fool.com.

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