Wall Street eyes new leaders beyond the Magnificent Seven as AI trade expands
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Nearly three years after ChatGPT ignited the artificial intelligence boom, the “Magnificent Seven” stocks that dominated the rally – Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon (
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New companies like Broadcom, Oracle, and Palantir are increasingly seen as central to the AI trade, suggesting the Magnificent Seven may no longer fully capture AI market leadership.
Broadcom, Oracle, and Palantir are being highlighted as potential new leaders in the AI sector due to strong performance and growing relevance.
Apple is seen as lagging in AI development, and Tesla is facing slowing EV demand; both are considered vulnerable despite investor loyalty.
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