This "Magnificent Seven" Stock Could Win Big From Artificial Intelligence (AI) in 2024, and Beyond
A group of seven megacap technology companies, known as the "Magnificent Seven," played a central role in driving a nice surge in technology stocks in 2023, which is evident from the 66% jump in the Nasdaq-100 Technology Sector index during the year.
The Magnificent Seven group comprises Apple, Amazon, (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms, Microsoft, Nvidia, and Tesla. These tech titans delivered healthy gains to investors in 2023.
For instance, shares of Alphabet have jumped 61% during the year. In this article, we will take a closer look at the reasons why Alphabet's robust rally is set to continue not just in 2024 but also in the long run.
Source Fool.com
Alphabet Inc. A Stock
€152.46
-3.650%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a slightly positive potential of 18.06% compared to the current price of 152.46 € for Alphabet Inc. A.
