This “Magnificent Seven” Stock Is Underperforming the Market This Year but Could Prove to Be a Steal of a Deal Right Now When investors think of top tech stocks, it’s often the “Magnificent Seven” that come to mind.
These are the most successful, valuable, and high-profile names in the sector
They have incredible growth prospects while being some of the safer stocks to own for the long haul. This year, however, has been a bit more challenging for the Magnificent Seven as investors have grown concerned about high spending on tech and artificial intelligence (AI). The spotlight isn’t as much on growth as it is on return or investment, specifically when it comes to AI.
There’s one stock in the group that stands out the most today, not only for its relatively modest valuation but also because it may have the most upside: Amazon (NASDAQ: AMZN). Amazon has tremendous growth opportunities ahead AI has been a big part of Amazon’s business for years, as the company has used robots in its warehouses to add efficiency. It’s always been involved in cutting-edge tech in one way or another.