The "Magnificent Seven" Stocks: Here's the 1 I'm Buying Hand Over Fist Right Now
It's too good a value to pass up on right now.
Overview
The "Magnificent Seven" stocks consist of Nvidia, Apple, Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms, and Tesla. The term was coined in 2023 when the group drove much of the market's growth.
Their momentum has slowed a bit this year, but they're still seven of the world's 11 most valuable public companies, with Tesla the smallest at a market cap of $1.5 trillion (as of Sept. 22). Each Magnificent Seven stock has a legitimate investing case (I personally own four individually), but the one that stands out as the best investment right now is Google's parent company, Alphabet.
Details
Over the past few years, the popularity of the Magnificent Seven stocks has revolved around the current AI boom. While some companies rely heavily on third parties, Alphabet's advantage is that it's a vertically integrated AI company with its hand in most parts of the AI ecosystem:
Source
Originally published at www.fool.com.