From NASDAQ.: 2024-09-18 11:25:31

Tech stocks have been driving the market, with the Magnificent 7 leading the way in AI technology. Analyst Gil Luria compares Alphabet and Meta, with Meta emerging as the better buy. Meta’s AI initiatives and massive user base make it a top pick for investors seeking exposure to cutting-edge tech.

Alphabet, parent company of Google, is investing heavily in AI technology such as Gemini model. Despite its dominant position in internet search, Alphabet faces challenges in maintaining market share with the rise of AI-powered tools. Analysts are cautious due to legal issues and Alphabet’s uphill battle in integrating AI technology into its products.

Meta Platforms, the world’s leading social media company, boasts over 3.27 billion Daily Active People. Its digital advertising business saw a significant revenue increase in Q2, driven by AI technology for ad targeting and language translation. Meta’s AI initiatives, such as Llama and Meta AI, position it as a leader in the AI space and a top pick for investors seeking exposure to future technology platforms.



Read more at NASDAQ.: Alphabet Vs. Meta Platforms: D.A. Davidson Selects the Superior ‘Magnificent 7’ Stock to Buy