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This Is Hands Down My Pick for the Best "Magnificent Seven" Stock Right Now. (Hint: It's Not Nvidia.) [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Indeed, Microsoft Alphabet Apple Tesla Nvidia Meta Platforms , and Amazon (NASDAQ: AMZN) are all helping shape the AI narrative in their own ways. While Microsoft's relationship with ChatGPT developer OpenAI and Tesla's self-driving cars are impressive, there is a different Magnificent Seven member that stands above the rest. I see Amazon as the best AI opportunity among mega-cap tech. Here's why its long-term picture looks as good as ever. Amazon has mountains of cash... The last couple of years have been challenging for technology businesses in particular. Unusually high inflation led the Federal Reserve to enact nearly a dozen interest rate hikes. The combination of inflation and rising interest rates caused consumers and businesses to curb spending. This significantly affected Amazon, which derives sales and profits primarily from its e-commerce and cloud computing operations. But in 2023, things started to turn around for Amazon. Inflation cooled down a bit, which hel
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