"Top Growth Stocks to Watch: The Magnificent Seven for 2024"
TL;DR Summary
The "Magnificent Seven" stocks, including Nvidia, Meta Platforms, Tesla, Amazon, Alphabet, Microsoft, and Apple, were top performers in the Nasdaq Composite in 2023, with gains ranging from 48% to 239%. Despite these strong performances, certain Wall Street analysts believe that Tesla, Nvidia, and Amazon still have significant upside potential of between 45% and 84% over the coming year. Analysts cite factors such as Tesla's long-term growth prospects, Nvidia's position to benefit from generative AI, and Amazon's strong foundation for future growth driven by AI.
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