From Nasdaq: 2024-04-03 05:06:00

Wall Street is booming, with all major stock indices hitting record highs following the 2022 bear market. The Magnificent Seven – Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla – have been driving this growth. Their superior performance and competitive advantages have made them investor favorites. Microsoft is leading in cloud with Azure, while Apple dominates smartphones. Nvidia is the foundation of the AI revolution, and Alphabet reigns supreme in internet search. Amazon is a key player in online retail and cloud services, while Meta Platforms owns the top social media real estate. Tesla is the leading EV maker. However, while these stocks have outperformed in the past, they face varying outlooks.

Meta Platforms is the stock to buy in April, with a dominant presence in social media. Ad-based models like Meta’s tend to thrive even during economic downturns. With its popular social media sites and AI ambitions, Meta has strong potential for growth. Meta is also financially stable with a significant cash reserve, making it an attractive investment opportunity.

On the other hand, Nvidia is the stock to avoid in April. Despite its recent success and dominance in AI-GPUs, there are concerns about the company’s future growth. Increased production may dilute its market share, competition from top customers developing their own AI chips poses a threat, and regulatory restrictions are limiting its sales potential. Investors should proceed with caution when considering Nvidia as an investment option.



Read more at Nasdaq: 1 “Magnificent Seven” Stock to Buy Hand Over Fist in April, and 1 to Avoid Like the Plague