Helping lead the charge this y

2023-12-26

Helping lead the charge this year are the vaunted stocks of the so-called "Magnificent Seven," which have outpaced the broader market by a wide margin:

Nvidia: Up 239%

Meta Platforms: Up 191%

Tesla: Up 109%

Amazon: Up 83%

Microsoft (NASDAQ: MSFT): Up 56%

Alphabet: Up 55%

Apple: Up 52%

The common thread that joins these companies is their tie to artificial intelligence (AI), which is widely credited with sparking this year's stock market rally. This has many people scrambling to invest in the companies best situated to profit from this secular tailwind. One such company is Microsoft, and while it's been on fire in 2023, there could be much more to come.

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