"Analyzing the Future: Will 2024's Top Stocks Come from the Magnificent Seven or Big Tech?"
Amazon (NASDAQ: AMZN) is predicted to be the top-performing stock among the "Magnificent Seven" in 2024, outshining competitors like Microsoft, Apple, Alphabet, Nvidia, Tesla, and Meta Platforms. This forecast hinges on the growth of Amazon's cloud computing business, Amazon Web Services (AWS), which is expected to rebound and potentially match the growth rates of its main competitors. Additionally, Amazon's profit margins have been improving under CEO Andy Jassy's leadership, and the stock is currently trading at a historically attractive price-to-sales valuation. With these factors in play, Amazon is poised to outperform its peers in the stock market.