U - These 2 Under-The-Radar AI Stocks Could Outperform In 2024 | Benzinga
Following a year of outperformance in the Magnificent 7, most analysts expect new names to lead the way in 2024. Deepwater Asset Management's Gene Munster agrees with the consensus and has identified two underappreciated AI beneficiaries that could charge higher this year.
What To Know: The Magnificent 7 mega-cap tech stocks led markets higher last year with remarkable gains. Nvidia Corp (NASDAQ: NVDA) was the best performer of the group with gains of more than 235%. Apple Inc (NASDAQ: AAPL) was the laggard among the mega caps, but it still jumped nearly 50% in 2023.
Moving into 2024, most analysts expect the Magnificent 7 to take a back seat to the rest of the market and Munster is no different.
"I agree ...