Amazon and Alphabet Lead 'Magnificent Seven' AI Stocks Fueling Bull Market
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The "Magnificent Seven" stocks are industry leaders in technology and artificial intelligence (AI) that have fueled the recent bull market.
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Amazon and Alphabet are two of the Magnificent Seven using AI to improve operations and offer AI products and services.
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Amazon has a track record of growth and trades at a reasonable 42x forward earnings given its strength in e-commerce, cloud, and AI prospects.
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Alphabet dominates search with 90% market share globally, is investing in AI to improve search quality, and trades cheaply at 22x forward earnings.
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With less than $500, you can invest in Amazon and Alphabet as two long-term AI winners among the Magnificent Seven.