3 “Magnificent Seven” Stocks That Can Plunge Up to 86%, According to Select Wall Street Analysts

The stock market has been on a tear in 2023, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hitting record highs. The “Magnificent Seven” companies, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, have played a significant role in driving the market higher.

These seven companies are industry leaders with strong competitive advantages in their respective sectors. Despite their impressive performance over the past decade, some Wall Street analysts are not as optimistic about their future prospects. According to a few analysts, three of the Magnificent Seven stocks could see significant declines in the near future.

Meta Platforms, the social media giant behind Facebook, is one of the companies that analysts believe could face a 24% decline. Despite its dominance in the social media space, concerns about new revenue streams and increased capital expenditures have led to this bearish outlook.

Nvidia, a semiconductor powerhouse known for its AI-accelerating GPUs, is another company that analysts are wary of. With competition increasing and demand potentially peaking, one analyst predicts a 31% decline in Nvidia stock over the next year.

Tesla, the electric vehicle pioneer led by Elon Musk, is facing the most pessimistic forecast. One analyst believes that Tesla’s stock could plummet by 86% based on concerns about increasing competition, pricing strategy, and the company’s ability to deliver on promises like Level 5 autonomy and robotaxis.

While these predictions may sound dire, it’s essential to consider the broader market context and the long-term potential of these companies. DailyBubble believes that despite the challenges ahead, the Magnificent Seven have the resources and capabilities to navigate through turbulent times and continue to innovate and grow in the future.