AI Boom Powers Tech Stock Rally; Alphabet, Amazon, Meta Seen as Top Picks
• The recent stock market rally has been fueled by advancements in AI, especially generative AI which is expected to be a $1.3 trillion market by 2032.
• "Magnificent Seven" tech stocks like Alphabet, Amazon, and Meta are poised for further gains in 2024 due to their leadership in AI.
• Amazon stock rose today partially thanks to a bullish analyst report and its status as a top AI mega-cap pick.
• Alphabet, Amazon, and Meta are making major investments in AI across their digital ads, e-commerce, and social media platforms.
• These AI leader stocks have relatively inexpensive valuations compared to their sizable long-term opportunity.