Only 4 out of the “Magnificent 7” show a 50% EPS growth in 2024
The Future of Big Tech Stocks in the AI Boom
Only 4 out of the “Magnificent 7” are expected to see a 50% increase in earnings in 2024, thanks to the AI boom.
However, experts attribute this growth not only to AI but also to the stability of the Fed’s monetary policy starting in 2023.
Looking ahead to 2024, stock performances are predicted to be influenced by companies’ ability to increase EPS.
This raises questions about a potential AI bubble reminiscent of the dot-com bubble of 2000.
Nvidia: The AI Enthusiast
Nvidia, a key player in AI, has seen a remarkable stock surge, making it the third-largest US company by market value.
Analysts are optimistic about Nvidia’s future growth potential, with projected revenue and earnings increases.
Meta: Pursuing AGI
Meta, led by Mark Zuckerberg, aims to develop its own general AI, known as AGI, pushing the stock to new heights.
Analysts foresee revenue and EPS growth, reflecting the company’s successful trajectory.
Microsoft: The Tech Giant
Microsoft’s foray into AI has propelled its stock and market value.
With projected revenue and earnings growth, Microsoft is poised for significant gains in the coming years.
Amazon: Innovating in AI
Despite recent fluctuations, Amazon’s focus on high-margin ventures like AWS and AI projects positions it for long-term success.
Strong financial performance and strategic initiatives have analysts bullish on Amazon’s future prospects.
As big tech stocks navigate the AI landscape, investors watch closely for sustained growth and innovation in this dynamic sector.
