2 Bargain "Magnificent Seven" Stocks to Ride the AI Investing Wave

Core Viewpoint - The "Magnificent Seven" tech stocks, which include Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, have recently shifted from leading gains to declines amid economic concerns, particularly regarding U.S. import tariffs, but the long-term potential in AI remains strong [1][2][3] Group 1: Meta Platforms - Meta Platforms dominates social media with over 3.3 billion daily users across its platforms, generating significant advertising revenue [4] - The company is heavily investing in AI, with capital spending projected to reach up to $65 billion this year, including the construction of a large data center [5][6] - Meta's forward earnings estimates are currently at 23x, down from over 29x, indicating it is a bargain buy [6] Group 2: Alphabet - Alphabet is best known for Google Search, which holds about 90$12 billion in the recent quarter [7][8] - The company has significantly increased its AI-related compute capacity, with customers using over eight times the capacity compared to eighteen months ago, driving revenue growth [9] - Alphabet is currently the cheapest among the Magnificent Seven stocks, trading at 18x forward earnings estimates, making it an attractive investment in the AI sector [10]