Using new tech in the workplace and at home is nothing new. But the November 2022 introduction of ChatGPT, a generative artificial intelligence service, made the use of AI the norm, and at breakneck speed.
Since the end of 2022, anyone who purchased the so-called Magnificent Seven (Mag 7) stocks, all of which are embracing AI, should have profited handsomely. The stocks are Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT) and Tesla (TSLA). Collectively, these stocks were worth about $20 trillion recently, up threefold from $7 trillion less than three years ago. But stock market professionals are divided on their prospects.
