This Magnificent 7 Stock Could Rise Another 24%

As the artificial intelligence (AI) revolution rolls on like a juggernaut, the "Magnificent 7" cohort of Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), Google (GOOG), Tesla (TSLA), Apple (AAPL) and Meta Platforms (META) has been one of the main drivers of the stock market's advance. With their seemingly bottomless resources, innovative edge, and enviable brand value, these seven companies have made huge strides in the tech industry. 

In fact, the Roundhill Magnificent Seven ETF (MAGS) - an exchange-traded fund (ETF) designed to track the performance of these seven companies - is up nearly 58% since last April, crushing the returns of the broader equities market. However, as the performance of this group starts to diverge in 2024 - with names like Apple and Tesla both in the red - it's worth noting that one Mag 7 member just scored a bullish note from Wells Fargo. Here's a closer look at the brokerage firm's upbeat forecast for META.