From Nasdaq_runtime:



The article discusses the decision by the Federal Reserve Bank to pause its interest rate increases and how many on Wall Street are now calling for a “soft landing” in regards to controlling inflation without causing a recession. The article also focuses on the performance of the Nasdaq Composite and suggests that the Magnificent Seven stocks, with ties to artificial intelligence, have outpaced the market. Nvidia is highlighted as being well-positioned to profit from the rapid adoption of AI with its technology and processors being essential in a variety of applications. The article also mentions the significant revenue growth and outlook for Nvidia, suggesting that the market for AI and its other applications is set to grow. It also comments on Nvidia’s valuation, indicating that its stock is less expensive than it might seem based on its growth. Overall, the article presents a bullish outlook for the potential growth and profitability of Nvidia as the leading provider of AI solutions and processing solutions for gaming, cloud computing, and data centers.



Original: If I Could Buy Just 1 “Magnificent Seven” AI Stock in 2024, This Would Be It