3 "Magnificent Seven" Stocks Billionaires Are Piling Into as We Head Into 2024
As we look back on 2023, a few things stand out. One is how quickly generative artificial intelligence (AI) rose to prominence. OpenAI's ChatGPT was virtually unheard of as the year began but quickly became the rallying cry for a generation of tech investors.
Another was the emergence of the so-called "Magnificent Seven" group of stocks, which outperformed the broader market by a wide margin (presented in order of stock price percentage gains):
It should come as no surprise that the potential to benefit from advancements in generative AI is the gossamer thread that weaves this group of stocks together. What is surprising is that Wall Street -- which rarely agrees on anything -- is moving in lockstep to snatch up stocks best positioned to profit from AI.
Source Fool.com
