Tech stocks Apple, Tesla, and Alphabet facing challenges, while Nvidia, Amazon, Meta Platforms, and Microsoft rally.

From Nasdaq: 2024-04-10 04:10:00

The “Magnificent Seven” tech stocks led the market last year with impressive returns. In 2024, Apple, Tesla, and Alphabet are facing challenges while Nvidia, Amazon, Meta Platforms, and Microsoft continue to rally as the new “Fab Four,” driven by AI growth opportunities. Valuations suggest momentum can continue for these companies, making them potentially solid investments. Analysts are optimistic about their long-term growth prospects, with annualized earnings growth estimated to be between 15% and 35% over the next three to five years. Consider investing in these companies for potential long-term success in the market.



Read more at Nasdaq: Forget the “Magnificent Seven,” All Eyes Should Be on the “Fab Four”