Forget the "Magnificent Seven" and Buy These 3 Artificial Intelligence Stocks Instead
The so-called "Magnificent Seven" stocks gained considerable attention recently, and with good reason. Between them, they account for more than 27% of the S 500's value, and the market caps of Nvidia, Meta Platforms, and Tesla more than doubled over the last year.
Nonetheless, even though the growing popularity of artificial intelligence (AI) heavily influenced those companies' share price growth, they are far from the only ones benefiting from that technology. Also, since smaller companies can more easily achieve higher revenue increases on a percentage basis, investors may look to AI stocks with comparatively smaller sizes. A trio of Motley Fool contributors suggest you take a closer look at these three.
Jake Lerch (Advanced Micro Devices): My pick is Advanced Micro Devices (NASDAQ: AMD). Up 121% over the last 12 months, AMD stock already benefited from the surge of interest in artificial intelligence.
Source Fool.com