From Nasdaq:



The article discusses the performance of the stock market in 2023 and highlights the top-performing companies, also known as the “Magnificent Seven.” These companies include Apple, Microsoft, Alphabet’s Google, Amazon, Nvidia, Meta Platforms, and Tesla. The article discusses the reasons for the outperformance of these companies, forecasting their potential upside in 2024. Nvidia, Microsoft, and Amazon are specifically highlighted for their potential for significant growth in the coming years, with estimated upside ranging from 50% to 122%. The article also acknowledges potential challenges and risks, such as increased competition and potential loss of pricing power for Nvidia.

It concludes by discussing the investment potential of these companies, particularly Nvidia, and suggests considering other growth stocks in addition to the ones discussed. It also mentions the Motley Fool Stock Advisor’s top stock picks for potential high returns in the future.



Original: 3 “Magnificent Seven” Stocks With 50% to 122% Upside in 2024 (and Beyond), According to Select Wall Street Analysts