Zhi Tong Cai Jing·2025-09-29 01:53Core Insights - The investment landscape is shifting from the "Magnificent Seven" tech giants to a broader array of AI leaders, indicating an expansion of the AI winners' circle [1][2][12] - The "Magnificent Seven," which includes Apple, Microsoft, Google, Tesla, Nvidia, Amazon, and Meta Platforms, has been a significant driver of the S&P 500 index, contributing over half of its 70% increase since the beginning of 2023 [2][3][6] - New contenders such as Broadcom, Oracle, and Palantir Technologies are emerging as potential AI winners, suggesting that the next wave of growth may come from companies targeting niche markets within the AI sector [3][12] Investment Trends - The "Magnificent Seven" currently holds about 35% of the S&P 500 index weight, with expectations of over 15% profit growth by 2026, driven by a projected 13% revenue increase [6][11] - There is a noticeable divergence in stock performance within the "Magnificent Seven," with Nvidia, Google, Meta, and Microsoft showing significant gains of 21% to 33% this year, while Apple, Amazon, and Tesla lag behind [6][7] - Various investment portfolios are being proposed to capture the true AI winners, with suggestions to include companies like Broadcom and Oracle, which have shown substantial stock price increases due to their AI-related business [7][11][15] Market Dynamics - The introduction of the "Cboe Magnificent 10 Index" reflects a consensus that the benefits of the AI wave extend beyond the original seven giants, incorporating companies like Broadcom and Palantir [11][14] - The AI investment narrative is evolving, with a shift towards companies that provide AI infrastructure and applications, indicating a potential change in market leadership [12][14] - Companies such as Palantir and Oracle are being recognized for their strong performance in AI applications and cloud computing, respectively, highlighting the growing importance of software solutions in the AI landscape [15][16] Future Outlook - The AI investment landscape is expected to broaden, with a focus on companies that can leverage AI to enhance efficiency and productivity across various sectors [13][15] - The emergence of new AI leaders may lead to significant market shifts, as traditional giants may face challenges in maintaining their growth trajectories [16] - Investors are increasingly looking at a wider range of companies, including those in AI infrastructure and application software, as potential beneficiaries of the ongoing AI revolution [12][13]