The Magnificent Seven tech stocks - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla - have risen to heady heights thanks to excitement over the generative AI revolution.
The Magnificent Seven tech stocks - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla - have risen to heady heights thanks to excitement over the AI revolution.
So which of the tech titans are most likely to continue to be superheroes and which look destined to disappoint? Before buying, however, check to see whether the funds you hold already give you this exposure. Global equity funds hold large chunks of Mag 7 shares. F&C and Scottish Mortgage Investment Trust, for example, are major shareholders. Investors can buy these funds as well as the individual shares through online trading platforms such as AJ Bell, Hargreaves Lansdown and Interactive Investor.
There is apprehension about the impact of a Trump presidency on these companies' Chinese operations. Trump has raised the prospect of 'phenomenal' tariffs on Chinese imports. This disappointing performance has prompted experts to tell investors to 'stay on the sidelines' when it comes to buying Tesla shares.
They have not, however, extended to Musk's own rewards. He was awarded a package worth up to $56bn earlier this year - admittedly much of it in Tesla shares, which went down as much as 7pc in after-hours trading on Tuesday night having already fallen 8pc over the past year.Mamta Valechha, analyst at Quilter Cheviot, said the market 'remains cautious' and urged investors to 'stay on the sidelines' when it comes to Tesla.
But in a win for shareholders, Alphabet's chief executive Sundar Pichai said the results were proof that the company's punts were paying off.This gives it a valuation of around £1.75trillion - making it the world's fourth most valuable listed company behind Apple, Microsoft and Nvidia. NVIDIA: STRONG BUY The meteoric rise of microchip designer Nvidia has been fuelled in recent years by the insatiable appetite among investors for artificial intelligence
'The potential scale of Nvidia,' he says, could take its market value to 'double-digit trillions,' he says. 'This isn't a prediction but a possibility if artificial intelligence works for customers and Nvidia's lead is intact..' But even Anderson admits it could be a bumpy ride. Microsoft was at the centre of the storm last week after an estimated 8.5million computers were disabled by a global IT meltdown.Richard Hunter, an analyst at investment platform Interactive Investor, says Microsoft is still regarded as 'best in class' amongst the Magnificent Seven.
Hunter said: 'Aside from its famed Microsoft and Excel applications, the group is now more focused on both cloud computing and artificial intelligence, both of which either have made, or have the potential to make, significant returns in future for the benefit of company profits and shareholders alike.' Investors will be watching closely next week for more detail on how the company will cement its position at the top.
Apart from its ultra-low UK tax bills, the company is best known as a one-stop online shop for anything from toilet roll to lampshades. But Amazon has another money spinner that is getting everyone excited. Valechha said: 'Amazon is also taking the opportunity to use its strong growth to reinvest in the business and take advantage of the strong demand and backlog in its cloud division.
Advertising is a key part of its business meaning the social media giant has suffered as marketing budgets have been squeezed. Zuckerberg, who founded the tech giant in 2004, is trying to re-fettle the ad business with a focus on AI. The share price is often sensitive to Zuckerberg's remarks more than the financial results themselves.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Seven transfers Man United could complete after selling seven playersManchester United are still looking to add further reinforcements to their squad before the Premier League begins again in August
Weiterlesen »
Lavender plants are 'guaranteed to improve' when grown close to six 'magnificent' plantsLavender plants grow well when accompanied by a number of different herbs, flowers, and vegetables
Weiterlesen »
Man United in advanced talks to sign Obi-Martin after ‘magnificent offer’ tabledThe inside track on the football stories that matter
Weiterlesen »
First Night of the Proms review: A superb, joyous, and utterly magnificent openingElim Chan's baton-free mastery and Isata Kanneh-Mason's stunning performance provided everything the Proms should be and more
Weiterlesen »
Neil Lennon targets magnificent 7 in next managerial roleFormer Celtic manager Neil Lennon wants to win his seventh league title in his new role at Rapid Bucharest
Weiterlesen »
One of Scotland's 'most magnificent homes' hits market for almost £2 millionAn incredible Scottish mansion that has been called one of the country's 'most magnificent period homes' has just gone up for sale, and it looks like it would make for a spectacular family home.
Weiterlesen »