The Ultimate Stock Pick for the Next Decade: My Top Choice from the ‘Magnificent Seven

In the past ⁣year, investors have been flocking to the “Magnificent ‌Seven” stocks for ‌exceptional returns, and it’s easy‌ to see why.

Leading the pack are mega-cap tech giants like ‌Nvidia, Microsoft, Alphabet, and Meta Platforms, all of ‌which ‍have outperformed the S&P⁢ 500 and ⁣Nasdaq Composite in the last 12 months. The surge in interest in artificial ⁢intelligence (AI) ‍has‌ played a significant role in driving these companies’ success.

Despite the stellar performance of these companies, ‍I believe⁢ there is one standout member of the Magnificent Seven that stands ⁤out as a top choice ⁢for long-term investors.

Amazon, the e-commerce and cloud computing behemoth ‌(NASDAQ: AMZN), has lagged ‍behind ⁣the ‍Nasdaq in the past year, ‍delivering returns in line with the S&P 500.

With Amazon’s stock down ⁤approximately 14% in‍ the last month,⁣ now presents a compelling opportunity⁣ to capitalize on the dip.

Let’s delve into how Amazon is‌ quietly ⁤revolutionizing the AI landscape and explore ‌why the ⁤current‍ moment appears to be a promising time to⁤ seize this opportunity…

2024-08-17⁣ 10:03:00
Original source: finance.yahoo.com