Investment strategist names the next ‘Magnificent 7' stocks to watch

Core Viewpoint - Investment strategist Shay Boloor has identified a "new Mag 7" of AI-driven companies poised to shape the digital economy over the next decade [1][3]. Group 1: Original Magnificent Seven - The original Magnificent Seven includes dominant U.S. tech giants: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, known for their significant market influence and leadership in AI [2]. Group 2: New Mag 7 Companies - Tesla (NASDAQ: TSLA): Transitioning from an EV company to a provider of a "fully integrated real-world AI loop," combining software, hardware, and energy infrastructure. Tesla's Full Self-Driving technology and projects like Optimus are central to this vision. However, it faces challenges such as declining sales and increased competition, with a stock value of $252, down 33% year-to-date [4][5]. - Palantir (NASDAQ: PLTR): Redefining institutional decision-making with its AI Platform (AIP), which allows enterprises to manage complex data across various sectors. Its solutions are becoming indispensable in high-stakes environments, with a stock value of $88.55, up 17% year-to-date [7][8]. - Snowflake (NYSE: SNOW): Addressing data liquidity issues in the AI economy with its Data Cloud, enabling real-time data federation. Snowflake's role is crucial as AI transitions from experimentation to production, with a stock value of $144, reflecting a nearly 8% year-to-date drop [9][10]. - CrowdStrike (NASDAQ: CRWD): Building a security layer for the AI-driven future with its Falcon platform, which enhances threat detection through a global network. The stock is trading at $144.96, down 7% year-to-date [13][14]. - Cloudflare (NYSE: NET): Distributing compute to the edge, enabling low-latency applications for AI. The stock has dropped 5.5% year-to-date to $106.25 [16][17]. - Axon (NASDAQ: AXON): Dominating public safety infrastructure with AI-driven solutions, benefiting from long-term institutional contracts. The stock is trading at $567, down nearly 5% year-to-date [19][20]. - Databricks: A private firm that streamlines AI development by eliminating silos between engineering and operations, allowing for faster and more efficient AI deployment [21][22].