From Nasdaq: 2024-07-25 17:51:00

The Mag 7 group has been making headlines thanks to Nvidia, Apple, and Amazon. Nvidia’s stock is up 130% YTD with strong earnings growth, Apple has seen a 14% increase, and Amazon’s AWS results have been positive. All three remain leaders in the market.

Nvidia has seen impressive sales growth thanks to high demand for AI chips, expecting a 100% increase in earnings and 90% in sales. Apple’s slow start was offset by strong post-earnings positivity, consistent dividend growth, and $20.7 billion in free cash flow. Amazon’s AWS success has led to a 220% rise in operating income.

While facing recent pressure, Nvidia, Apple, and Amazon remain strong fundamentally. Recent struggles likely due to profit-taking after impressive runs. Zacks has highlighted 3 hydrogen stocks with significant growth potential as clean hydrogen energy demand is set to skyrocket. Promising signs for future investments.



Read more at Nasdaq: What’s Going on With the Mag 7?