The recent fortunes of the "Magnificent Seven" couldn't be more different. The once seemingly unstoppable electric vehicle pioneer Tesla just reported an abysmal second quarter that saw its net income drop by more than half from a year ago while Nvidia seems incapable of slowing down, growing last quarter's net income by more than 600%.

Driving Nvidia's explosive growth is its position at the center of the artificial intelligence (AI) boom that's lifting the tide for all boats in tech, at least those without slipping EV sales. Microsoft, Alphabet, and Apple have all benefited, seeing their stock prices appreciate significantly.

While it also saw a big bump in share price, up 34% this year, Meta Platforms (NASDAQ: META) hasn't been quite as front and center in the AI hype cycle as some of the other big tech players. I think that's changing. Here are a few reasons why it's one of my favorite stocks in technology today.

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Source Fool.com