Here’s the Best “Magnificent Seven” Stock to Buy Right Now, According to Wall Street (Hint: Not Nvidia)

Wall Street analysts have identified the “Magnificent Seven” stocks that are currently undervalued, with Amazon leading the pack with a 77% increase in stock price over the past year. Amazon’s recent first-quarter financial report exceeded expectations, with revenue up 13% to $143.3 billion and a tripled GAAP net income of $0.98 per diluted share.

Amazon’s success is attributed to its strong presence in e-commerce, digital advertising, and cloud computing. The company is expected to continue growing in these sectors, with forecasts showing online retail sales increasing by 8% annually through 2030, and digital advertising and cloud computing sales compounding at even higher rates.

In particular, Amazon Web Services (AWS) is seen as a major player in the AI market, with investments in AI product development such as custom chips, generative AI solutions, and Amazon Q, a conversational copilot. These advancements could lead to a significant acceleration in cloud services sales growth for Amazon.

Despite its premium valuation of 3.3 times sales, Amazon is considered a worthwhile long-term investment, especially if it becomes the go-to cloud provider for AI workloads. Patient investors may want to consider buying a small position in Amazon stock today.

DailyBubble believes that Amazon’s strong performance in e-commerce, digital advertising, and cloud computing, combined with its focus on AI product development, make it a promising investment for the future. The company’s potential for growth and innovation in the AI market could lead to significant returns for investors in the long run.