Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board

InvestorPlace2023-12-07

The following technology stocks are poised to join the leaderboard.Advanced Micro Devices (AMD): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.CrowdStrike (CRWD): A strong ...

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Longs
2023-12-07
Longs
👍🏻🙏🏼
blessed_1
2023-12-07
blessed_1
Thanks for sharing 👍

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While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.Advanced Micro Devices (AMD)Advanced Micro Devices (NASDAQ: AMD) has become well known for snatching market share away from the likes of Intel (NASDAQ: INTC). Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated.In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.CrowdStrike (CRWD)While CrowdStrike (NASDAQ: CRWD) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.Palantir (PLTR)Founders Peter Thiel and Alex Karp formed Palantir Technologies (NYSE: PLTR), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":249520516538416,"gmtCreate":1701958173005,"gmtModify":1701958177575,"author":{"id":"4115290449563752","authorId":"4115290449563752","name":"Longs","avatar":"https://community-static.tradeup.com/news/824b5073731ab909a8d4e129caa8d995","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4115290449563752","authorIdStr":"4115290449563752"},"htmlText":"👍🏻🙏🏼","listText":"👍🏻🙏🏼","text":"👍🏻🙏🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249520516538416","repostId":2389056833,"repostType":4,"repost":{"id":"2389056833","kind":"highlight","pubTimestamp":1701931816,"share":"https://ttm.financial/m/news/2389056833?lang=&edition=fundamental","pubTime":"2023-12-07 14:50","market":"us","language":"en","title":"Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board","url":"https://stock-news.laohu8.com/highlight/detail?id=2389056833","media":"InvestorPlace","summary":"The \"Magnificent 7\" stocks have driven returns for the market in 2023, but they must make space for these exciting technology stocks.","content":"<html><head></head><body><ul style=\"\"><li><p>The following technology stocks are poised to join the leaderboard.</p></li><li><p><strong>Advanced Micro Devices </strong>(<strong>AMD</strong>): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.</p></li><li><p><strong>CrowdStrike </strong>(<strong>CRWD</strong>): A strong earnings report reasserts CrowdStrike’s market dominance.</p></li><li><p><strong>Palantir</strong> (<strong>PLTR</strong>): A new contract with England’s NHS shows how far Palantir’s platform has come.</p></li></ul><p>The “Magnificent 7” stocks, or <strong><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></strong> (NASDAQ: <strong><u>META</u></strong>), <strong>Apple</strong> (NASDAQ: <strong><u>AAPL</u></strong>), <strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>), <strong>Alphabet</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>), <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>), <strong>Nvidia</strong> (NASDAQ: <strong><u>NVDA</u></strong>), and <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) have had a great year so far.</p><p>These tech giants are the main reason indices such as the <strong>S&amp;P 500</strong> and the <strong>Nasdaq Composite </strong>rebounded sharply in 2023. While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.</p><p>However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.</p><h2 id=\"id_161386589\">Advanced Micro Devices (AMD)</h2><p><strong>Advanced Micro Devices</strong> (NASDAQ: <strong><u>AMD</u></strong>) has become well known for snatching market share away from the likes of <strong>Intel</strong> (NASDAQ: <strong><u>INTC</u></strong>). Still, it is about to enter the artificial intelligence (<strong>AI</strong>) semiconductor chip race that its competitor, Nvidia, has largely dominated.</p><p>In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.</p><p>Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.</p><h2 id=\"id_1753912491\">CrowdStrike (CRWD)</h2><p>While <strong>CrowdStrike</strong> (NASDAQ: <strong><u>CRWD</u></strong>) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.</p><p>CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.</p><p>CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.</p><h2 id=\"id_2111098937\">Palantir (PLTR)</h2><p>Founders Peter Thiel and Alex Karp formed <strong>Palantir Technologies</strong> (NYSE: <strong><u>PLTR</u></strong>), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.</p><p>Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.</p><p>While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-07 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The following technology stocks are poised to join the leaderboard.Advanced Micro Devices (AMD): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.CrowdStrike (CRWD): A strong ...</p>\n\n<a href=\"https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4549":"软银资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","AMD":"美国超微公司","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","BK4554":"元宇宙及AR概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4553":"喜马拉雅资本持仓","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念"},"source_url":"https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2389056833","content_text":"The following technology stocks are poised to join the leaderboard.Advanced Micro Devices (AMD): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.CrowdStrike (CRWD): A strong earnings report reasserts CrowdStrike’s market dominance.Palantir (PLTR): A new contract with England’s NHS shows how far Palantir’s platform has come.The “Magnificent 7” stocks, or Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA) have had a great year so far.These tech giants are the main reason indices such as the S&P 500 and the Nasdaq Composite rebounded sharply in 2023. While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.Advanced Micro Devices (AMD)Advanced Micro Devices (NASDAQ: AMD) has become well known for snatching market share away from the likes of Intel (NASDAQ: INTC). Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated.In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.CrowdStrike (CRWD)While CrowdStrike (NASDAQ: CRWD) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.Palantir (PLTR)Founders Peter Thiel and Alex Karp formed Palantir Technologies (NYSE: PLTR), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":249542836404224,"gmtCreate":1701944591253,"gmtModify":1701944595805,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"4112410321254552","authorIdStr":"4112410321254552"},"htmlText":"Thanks for sharing 👍&nbsp;","listText":"Thanks for sharing 👍&nbsp;","text":"Thanks for sharing 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249542836404224","repostId":2389056833,"repostType":4,"repost":{"id":"2389056833","kind":"highlight","pubTimestamp":1701931816,"share":"https://ttm.financial/m/news/2389056833?lang=&edition=fundamental","pubTime":"2023-12-07 14:50","market":"us","language":"en","title":"Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board","url":"https://stock-news.laohu8.com/highlight/detail?id=2389056833","media":"InvestorPlace","summary":"The \"Magnificent 7\" stocks have driven returns for the market in 2023, but they must make space for these exciting technology stocks.","content":"<html><head></head><body><ul style=\"\"><li><p>The following technology stocks are poised to join the leaderboard.</p></li><li><p><strong>Advanced Micro Devices </strong>(<strong>AMD</strong>): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.</p></li><li><p><strong>CrowdStrike </strong>(<strong>CRWD</strong>): A strong earnings report reasserts CrowdStrike’s market dominance.</p></li><li><p><strong>Palantir</strong> (<strong>PLTR</strong>): A new contract with England’s NHS shows how far Palantir’s platform has come.</p></li></ul><p>The “Magnificent 7” stocks, or <strong><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></strong> (NASDAQ: <strong><u>META</u></strong>), <strong>Apple</strong> (NASDAQ: <strong><u>AAPL</u></strong>), <strong>Amazon</strong> (NASDAQ: <strong><u>AMZN</u></strong>), <strong>Alphabet</strong> (NASDAQ: <strong><u>GOOG</u></strong>, NASDAQ: <strong><u>GOOGL</u></strong>), <strong>Microsoft</strong> (NASDAQ: <strong><u>MSFT</u></strong>), <strong>Nvidia</strong> (NASDAQ: <strong><u>NVDA</u></strong>), and <strong>Tesla</strong> (NASDAQ: <strong><u>TSLA</u></strong>) have had a great year so far.</p><p>These tech giants are the main reason indices such as the <strong>S&amp;P 500</strong> and the <strong>Nasdaq Composite </strong>rebounded sharply in 2023. While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.</p><p>However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.</p><h2 id=\"id_161386589\">Advanced Micro Devices (AMD)</h2><p><strong>Advanced Micro Devices</strong> (NASDAQ: <strong><u>AMD</u></strong>) has become well known for snatching market share away from the likes of <strong>Intel</strong> (NASDAQ: <strong><u>INTC</u></strong>). Still, it is about to enter the artificial intelligence (<strong>AI</strong>) semiconductor chip race that its competitor, Nvidia, has largely dominated.</p><p>In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.</p><p>Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.</p><h2 id=\"id_1753912491\">CrowdStrike (CRWD)</h2><p>While <strong>CrowdStrike</strong> (NASDAQ: <strong><u>CRWD</u></strong>) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.</p><p>CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.</p><p>CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.</p><h2 id=\"id_2111098937\">Palantir (PLTR)</h2><p>Founders Peter Thiel and Alex Karp formed <strong>Palantir Technologies</strong> (NYSE: <strong><u>PLTR</u></strong>), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.</p><p>Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.</p><p>While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-07 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The following technology stocks are poised to join the leaderboard.Advanced Micro Devices (AMD): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.CrowdStrike (CRWD): A strong ...</p>\n\n<a href=\"https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4549":"软银资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","AMD":"美国超微公司","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","BK4554":"元宇宙及AR概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4553":"喜马拉雅资本持仓","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0079474960.USD":"联博美国增长基金A","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念"},"source_url":"https://investorplace.com/2023/12/beyond-the-magnificent-7-3-stocks-poised-to-join-the-leader-board/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2389056833","content_text":"The following technology stocks are poised to join the leaderboard.Advanced Micro Devices (AMD): Despite PC revenue slowing, AMD’s fortunes are in the AI chip market.CrowdStrike (CRWD): A strong earnings report reasserts CrowdStrike’s market dominance.Palantir (PLTR): A new contract with England’s NHS shows how far Palantir’s platform has come.The “Magnificent 7” stocks, or Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA) have had a great year so far.These tech giants are the main reason indices such as the S&P 500 and the Nasdaq Composite rebounded sharply in 2023. While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.Advanced Micro Devices (AMD)Advanced Micro Devices (NASDAQ: AMD) has become well known for snatching market share away from the likes of Intel (NASDAQ: INTC). Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated.In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.CrowdStrike (CRWD)While CrowdStrike (NASDAQ: CRWD) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.Palantir (PLTR)Founders Peter Thiel and Alex Karp formed Palantir Technologies (NYSE: PLTR), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2389056833"}