"2024's Top AI Stocks: The Winners, Risks, and Hidden Gems in the Tech Goldrush"
The "Magnificent Seven" tech stocks, including Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta, and Tesla, experienced significant gains in 2023, largely due to advancements and investments in generative AI. Nvidia's stock soared with its powerful processors, while Microsoft integrated AI into its Office 365 suite and invested heavily in OpenAI. Apple is rumored to be developing its own AI chatbot and may launch an AI App Store. Google, caught off guard by the rise of generative AI, is now focusing on its new large language model, Gemini. Meta is enhancing user experience with new AI features, and Amazon is investing in AI startups and partnerships to bolster its cloud services. Tesla continues to leverage AI in its self-driving technology. The competition in AI among these tech giants is expected to intensify in 2024, with significant implications for their market positions and the tech industry at large.