2024-03-27 06:45:00 ET
The " Magnificent Seven " includes some of the largest tech-oriented companies. But not every Magnificent Seven component could be considered a true artificial intelligence (AI) play.
If there were a new Magnificent Seven purely for AI stocks, then I would keep Nvidia (NASDAQ: NVDA) , Microsoft (NASDAQ: MSFT) , and Meta Platforms (NASDAQ: META) , but swap out Alphabet , Amazon , Apple , and Tesla for Advanced Micro Devices (NASDAQ: AMD) , Taiwan Semiconductor Manufacturing (NYSE: TSM) , Adobe (NASDAQ: ADBE) , and Deere (NYSE: DE) .
Here's why these seven companies are all excellent ways to invest in AI from various industries.
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If There Were a "Magnificent Seven" Purely for AI Stocks, These Would Be My Top Picks