2 “Magnificent Seven” Stocks to Buy on the Dip
From Nasdaq: 2025-03-23 04:30:00
Investors are advised to consider purchasing shares of industry leaders with strong cash flow during market downturns for long-term gains. The “Magnificent Seven” stocks, well-positioned to benefit from AI adoption, are worth considering. Nvidia, a key player in AI chip development, saw 114% revenue growth to $130 billion last year, with a promising future outlook.
With annual data center spending expected to reach $1 trillion by 2029, Nvidia stands to gain a significant market share, making it a favorable investment option. Despite a recent 23% stock price dip, Nvidia’s innovative chip developments and strong cash flow make it a compelling choice for long-term growth opportunities.
Alphabet’s (Google) recent $32 billion acquisition of cloud security leader Wiz highlights its robust cash reserves and growth potential in cloud services. With Google Cloud revenue growing rapidly and AI investments driving growth, Alphabet’s strong financial position and market opportunities make it an attractive investment choice.
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