2024-07-23 07:17:00 ET
The technology sector has become completely captivated by artificial intelligence (AI).
While many stocks have witnessed a surge thanks to the AI narrative, perhaps the biggest beneficiaries have been megacap tech companies. Both Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) are members of the " Magnificent Seven " -- a catchy moniker used to collectively describe the world's largest tech businesses.
With shares of each stock outperforming the S&P 500 and Nasdaq Composite indexes over the last year, investors may be wondering what the long-term picture might look like.
For further details see:
Nvidia vs. Amazon: Which "Magnificent Seven" Stock Could Be the Better Buy Over the Next 5 Years?