Investment strategist names the next ‘Magnificent 7’ stocks to watch
The post Investment strategist names the next ‘Magnificent 7’ stocks to watch appeared on BitcoinEthereumNews.com.
Investment strategist Shay Boloor has identified what he calls the “new Mag 7” of artificial intelligence (AI)- driven companies that are likely to shape the future of the digital economy over the next decade. The original ‘Magnificent Seven’ refers to a group of dominant U.S. technology giants, Alphabet (NASDAQ: GOOG/GOOGL), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA)—known for their outsized influence on the market. These companies have driven significant market gains, particularly through their leadership in AI. Now, in an X post on April 12, Boloor introduced a new vision of the Mag 7, spotlighting seven firms he believes are laying the groundwork for the next decade’s digital economy. Tesla (NASDAQ: TSLA) According to Boloor, Tesla (NASDAQ: TSLA), the only holdover from the original Mag 7, is no longer just an electric vehicle (EV) company. It’s building a “fully integrated real-world AI loop” that combines software, hardware, and energy infrastructure. Tesla’s Full Self-Driving (FSD) technology, powered by its custom Dojo silicon and billions of real-world data points, forms the front end of an autonomy stack that extends into robotics through projects like Optimus. Boloor predicts that as Optimus scales, Tesla will become the “physical operating system for intelligent infrastructure,” managing everything from vehicle networks to power grids and autonomous logistics. Tesla is currently facing challenges, including declining sales and increased competition from Chinese manufacturers. At press time, its stock was valued at $252, marking a 33% year-to-date drop. TSLA YTD stock price chart. Source: Finbold Palantir (NASDAQ: PLTR) Palantir (NASDAQ: PLTR) is redefining institutional decision-making with its AI Platform (AIP), which Boloor described as an “execution engine.” AIP allows enterprises to ingest, interpret, and act on complex data across the defense, healthcare, and energy sectors. He noted that…
Filed under: News - @ April 13, 2025 5:16 pm