2 Best "Magnificent Seven" Stocks to Buy in February
The returns of the "Magnificent Seven" stocks have trounced the returns of the growth-centric Nasdaq Composite index over the last year, and they continue to do so in 2024. Year to date, the group has returned 12.4%, almost doubling the Nasdaq's returns, based on the performance of the Roundhill Magnificent Seven ETF.
Among this elite group of tech stocks, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) are showing solid business growth and still offer upside from their recent highs. Here's why these two Magnificent Seven stocks remain solid picks right now.
Nvidia has been one of the best stocks to ride the growth in artificial intelligence (AI), as its share price soared by 239% over the last 12 months. The good news for investors late to the party is that its skyrocketing growth may have a while to play out. The stock remains attractively valued relative to its underlying business growth, and it's still one of the best AI stocks to buy for a few reasons.
Source Fool.com
