Forget the "Magnificent Seven": These 3 Hypergrowth Artificial Intelligence (AI) Stocks Are Just Getting Started
Nebius, Micron, and Sandisk are each putting up unreal growth rates.
Forget the "Magnificent Seven": These 3 Hypergrowth Artificial Intelligence (AI) Stocks Are Just Getting Started
Overview
A few years ago, a Wall Street analyst dubbed a group of megacap tech stocks that have led the market to new heights over the past five years the "Magnificent Seven" -- and the name stuck. Each is among the 10 largest companies in the world, and all can still make for solid investments. Other than Nvidia, most of them top out at about a 30% growth rate, which is impressive, but wouldn't be considered "hypergrowth." If you're looking for stocks that are doubling or even tripling their revenue year over year, you'll have to look beyond the Magnificent Seven.
Three hypergrowth stocks that look like strong picks right now are Micron (NASDAQ: MU), Sandisk (NASDAQ: SNDK), and Nebius (NASDAQ: NBIS). They're all cashing in on the massive artificial intelligence (AI) build-out, and are on course to deliver even more growth in the coming years.
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Originally published at www.fool.com.
