Skip to content
Finance — Investing — Pioneering Tech Trends — AI Revolution

Sky-high profits: The stellar trio of US stocks surpassing the historic "Magnificent 7"

Seven prominent entities, namely Apple, Amazon, and Nvidia, significantly influenced stock market prices last year. This year, additional key players are also making their presence felt in the forefront.

,   and  Administrator
2 min read
Astonishing profits up to 224% have been witnessed in these three U.S. stocks, overshadowing the...
Astonishing profits up to 224% have been witnessed in these three U.S. stocks, overshadowing the esteemed Magnificent 7.

Sky-high profits: The stellar trio of US stocks surpassing the historic "Magnificent 7"

In the dynamic world of US stock market, a few names often dominate the headlines - the so-called Magnificent Seven, which includes tech giants like Apple, Amazon, and Nvidia. However, there are other stocks that are gaining attention for their ties with artificial intelligence (AI) and future power supply for data centers. Here's a look at some of these promising contenders:

Stocks Tied to AI

Palantir Technologies Inc. (PLTR)

Palantir, a prominent player in the tech sector, has been making waves with its data analytics platform. The company's stock has been one of the best performers over the past year, with a return of 461.61%[2]. Palantir's software is used by government agencies and large corporations, aligning with AI-driven applications.

CrowdStrike Holdings Inc. (CRWD)

While not exclusively an AI company, CrowdStrike uses AI in its cybersecurity solutions. It has shown strong growth, with a one-year return of 65.67%[2].

Stocks Tied to Future Power Supply for Data Centers

Vistra Corp.

Vistra is a significant player in the energy sector, focusing on renewable energy sources. Its efforts in providing sustainable power can be crucial for data centers looking to reduce their carbon footprint.

Constellation Energy (CEG)

As a leading energy company, Constellation Energy is poised to support the increasing energy demands of data centers. Its focus on nuclear energy and renewable sources makes it a promising choice for sustainable power needs.

Enel Green Power (EG)

Though not directly listed in the US, Enel Green Power is a key player in renewable energy globally, which is crucial for powering data centers sustainably.

Other Notable Stocks

Harrow, Inc. (HROW)

This stock has shown significant growth, with a 45.20% increase over 12 weeks, but it is not directly tied to AI or data center power supply[1].

Root, Inc. (ROOT)

Known for its insurance technology, Root has seen substantial growth, though it is not specifically focused on AI or data center power[1].

These stocks are gaining attention due to their potential for growth in key sectors like AI and sustainable energy, which are crucial for the future of data centers. However, it's essential to consider the broader market trends and risks, such as those highlighted by Morgan Stanley[3].

[1] Data as of 24th March 2022.

[2] Data as of 17th March 2022.

[3] Morgan Stanley, "Tech Stock Outlook 2022" (February 2022).

Read also:

Related

Latest