From Nasdaq: 2024-07-11 07:00:00

The “Magnificent Seven” includes Microsoft, Nvidia, Apple, Alphabet, Amazon, Meta Platforms, and Tesla. Except for Tesla, all are doing well in 2024. Nvidia continues to excel after a successful 2023. Tesla struggled due to declining demand and margins. Stocks like Nvidia, Microsoft, Apple, and Amazon trade at high valuations, hindering their performance.

Alphabet appears set for a strong second half of 2024. The company made significant investments in AI, especially in generative AI. Google Cloud is gaining momentum, attracting AI-focused start-ups and unicorns. Alphabet’s advertising business is performing well, contributing to a revenue increase year over year. With a relatively low valuation compared to peers, Alphabet is expected to close the year on a high note.

Should you invest in Alphabet? The Motley Fool’s Stock Advisor team has identified 10 top stocks for investors, excluding Alphabet. Consider that Nvidia, a previous recommendation, saw tremendous returns. Stock Advisor offers a blueprint for success, with advice on portfolio building and regular analyst updates. The service has outperformed the S&P 500 since 2002.

Board members of major companies like Facebook, Amazon, and Alphabet are associated with The Motley Fool. Keithen Drury, the author, holds positions in Alphabet, Amazon, Meta Platforms, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. It advises on options for Microsoft and has a disclosure policy. The author’s views may not align with Nasdaq, Inc.



Read more at Nasdaq: Prediction: This Will Be the Top Performing “Magnificent Seven” Stock to End 2024