Forget Buying All Seven: The "Magnificent Seven" Stock Most Likely to Double by 2028
I believe investors are underrating the potential of this compounding machine.
The Magnificent Seven, a group of megacap technology companies, has been making waves in the market. This group includes Nvidia, Tesla, Alphabet, Apple, Microsoft, and Meta Platforms. However, according to an expert, Amazon (NASDAQ: AMZN) holds the best potential to double its value by the end of 2028.
Amazon's position as the seventh member of the Magnificent Seven comes from its strong position in two areas: artificial intelligence (AI) and e-commerce delivery. The incorporation of AI is proving to be a significant advantage for the company. Moreover, Amazon enjoys economies of scale in its e-commerce delivery business.
The expert's perspective is based on Amazon's cloud computing division, Amazon Web Services (AWS). Last quarter, AWS revenue grew by 37%, reaching $148.4 billion over the past year. This growth is expected to accelerate due to AWS backlog growth and Amazon's substantial capital spending plans.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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