Prediction: This "Magnificent Seven" Stock Will Be the Biggest Winner of the AI Boom
Investors are flocking to artificial intelligence (AI) stocks these days because of the technology's potential to make companies more efficient and even transform certain industries. The idea is to identify tomorrow's winners today so that you can get in early and benefit from the growth to come. The AI market is expected to top $1 trillion by the end of the decade, so the opportunity for companies and investors could be vast.
The good news is that many companies are likely to thrive, thanks to AI, which should boost their earnings and, eventually, their share prices, too. But one company in particular is positioned to potentially benefit more than any other. It's a member of the elite group of technology stocks dubbed the "Magnificent Seven," a reference to the 1960 Western.
I predict that this stock will be the biggest winner of the AI boom over the long run. Let's take a closer look at the player that could score a win for your portfolio.
Source Fool.com
