E10: TESLA IN TROUBLE? Top 5 AI Stocks to Buy After Earnings

this is a really exciting episode of funding awesome I'm joined by my head of AI research Arif and my good friend Larry who's been investing in tech stocks professionally since the Doom bubble and in this episode we're going to cover the earnings calls of many of my top stocks to get rich without getting lucky including Microsoft Google and Amazon we'll also dive into Tesla meta platforms and a few smaller AI stocks that should be on every Investor's radar after some action-packed earnings calls we we've got a ton to talk about and your time is valuable so let's get right into it let's roll right into the stocks all right the first one is Microsoft so just to confuse everyone Microsoft's earnings that have just come out the end of March is actually their Q3 earnings based on how they do their financial reporting so the raw numbers Microsoft's Revenue 61.9 billion which was an increase of 177% a year-over-year increase diluted earnings per share we were looking at two .94 an increase of 20% so in terms of Revenue versus expectations they beat on revenues their earnings they beat as well Microsoft had a really solid quarter and no surprises the stock reaction post earnings the stock was up um 5% and you can guess what the main topic was on this earnings call in terms of where the growth was coming from it was all about a growth and AI was mentioned a lot in this are is cool I think this sort of puts to bed the argument that big companies can't get bigger Revenue increasing 17% year over-year for a$3 trillion doll company operating income increasing by over 20% net income increasing by over 20% earnings per share 20% Microsoft is starting to look more and more like a big Tech startup these numbers are great and as you pointed out they're all being driven by AI they've been talking a lot about Azure AI and supplying the infrastructure for AI growth they've made co-pilot available to a wide number of people on their surface PCS both for individuals as well as small businesses and of course they Aqua hired Mustafa and the inflection team Mustafa suan is the co-founder of Google Deep Mind and then he went on to start up inflection what Microsoft is saying by doing that is hey we're not going to be purely reliant on open AI to drive our I business we're willing to have an internal Deep Mind like team and we're going to do whatever is best for a diversified AI ecosystem I think they're really firing on all cylinders so I'm curious Larry what do you think about Microsoft is it set up for longterm success is it about to go up down left right absolutely so Microsoft to me is a core AI holding if we take a look at the chart so the chart itself is in a nice it's in a longer term up Trend so the key line that I want to look at here is the green line which is the 200 day moving average so as long as we're trading over that Rising 200 day moving average which Microsoft is then it's in a long-term uptrend which is very constructive in the shorter term it has been a little bit weaker as the market has pulled back so the other key line to look at here is the red line which is the 50-day moving average so the the 50-day moving average for me is basically the shortterm do we want to put the pedal to the metal on the buys or do we want to go maybe a little bit smaller maybe nibble in so right now beneath that 50-day the chart it's a little bit weaker I do think it's a buy right here maybe a smaller buy but then if it starts to clear 415 to 420 I think that's the green light for new highs which I do expect that we're going to see and erif what stands out to you from the research side is it more of the AI infrastructure with Azure is it Aqua hiring inflection what stands out to you as the big next Catalyst that could drive the next leg of growth in Microsoft stock it's a really interesting question because I remember last time when we covered these stocks we talked about Microsoft being ahead in terms of open AI having that as an accelerator they were putting products out there they co-pilot and other things before the others were and what I remember saying last time was I'm looking for Revenue increase based on AI specifically what they've started to break out now is how much of their Azure revenue is coming from AI they actually talked about that in the release this time so they said they had 31% increase in cloud services and seven percentage points of that 31 was from AI so they're starting to be quite specific now around it as well I think that's the main catalyst and it's really good to see that acceleration like you said the numbers are so big the rate at which it's increasing the growth is increasing quarter by quarter I think this was the fourth consecutive quarter I counted of as your Revenue increasing and I think what you just mentioned about them hiring Mustafa suan that's only going to allow them to have even greater capability so I I'm expecting them to continue to grow and improve their AI story and because I think they're ahead of the others I think we'll start to see the revenues actually coming in the top line actually changing first before some of the other companies that's such a great Point 7% of that 31% growth so roughly a quarter was due to AI which means that three4 of it was actually not due to AI if people are thinking that AI is just a fad or a bubble azure's growth was 75% from non aai workloads so it's just becoming a more prolific cloud service in general even if you take AI out of the picture they still have a lot of growth engines in their portfolio and I'll show this on the screen there's a heat map of all of their different business units and how they've been growing quarter over quarter and year over year and this is actually one of their best quarters of growth across the board Azure growth Dynamics products growth Office 365 growth this is one of the only quarters where they didn't see any business units really decline most of their major business units are seeing faster growth this quarter than this time last year so I think that's really important to call out as well Microsoft isn't just a great AI play it's a great Diversified technology play speaking of Diversified technology plays what's the next company erif it's Tesla the one that always divides opinions the world of Tesla is so erratic and up and down so Tesla reported a 9% drop in their revenue in the first quarter and that was the steepest year-over-year decline since 2012 net income also dropped 50% and it was down to 1.13 billion or 34 cents a share from 2.5 billion or 73 cents a share a year ago I want to mention deliveries as well now the deliveries number came out a few weeks before earnings and it was the first decline in four years year of a year comparison last time that happened was because of the pandemic but then on the earnings call um Elon did talk about that they will be doing this lower cost model and in true Elon style he put a date out there so he had said you know previously second half for 2025 is what he had said previously about this lowcost EV now he's saying early 2025 if not this year now Elon puts a lot of dates out there but yeah for what it's worth investors heard this and uh they did buy up the stock so the stock actually ended up after the earning SC let's take a step back here so first of all a year-over-year decline in deliveries and in Revenue all four of their models the model 3 and the model y as well as the higher-end model S and the X have dropped in price drastically over the last you know year six quarters or so at the same time they're producing less cars and at the same time they're not selling every car they produce so I do think that Tesla is facing a lot of headwinds and as a result we're seeing revenues drop we're seeing profitability drop so that definitely should be making Tesla investors nervous at this point Larry what are you seeing on the Tesla chart so Tesla is an interesting chart and we'll look at a couple time frame so I will say this I'm really just focused on the charts not so much on the the company my my aspect here is the technical part so sure the chart itself is not the best chart by far but it's also gotten a lot better so if we look at the the monthly chart so Tesla right now 181 in change it's basically the same price that it was at the end of 2020 so that could be considered a negative if someone's had it for that entire time frame but if somebody's looking at the stock right now they could say well the earnings today are higher than they were three and a half years ago so the fact that it's performed basically so poorly for three and a half years could actually be considered from a contrarian standpoint a positive the weekly chart it does have a lot of work to do so there there's a a positive and there's a negative to this as well so it recently came down looks like about 140 in change we can see that going back a few years now there's a lot of investors that have paid well over $200 a share for Tesla going up to to 400 at the end of 2021 so what this tends to do it creates what's called overhead Supply and what that means is that if I'm an investor and I paid 250 for Tesla a year ago a year and a half ago and I've been watching it go up and down as the price starts to recover what happens is you'll often run into buyers that have bought the stock at a higher price maybe they've been holding it for every year and a half two years and sometimes they tend to get frustrated and they say as soon as I get even I'm going to get out so what happens is as you run into all of these buyers from high higher prices it it does create a lot more work for the stock to to move through that because as it moves higher there's continually sellers over the tops it is under the 200 day moving average so that really that's my key Red Light Green Light so underneath the 200 day it is a weaker chart but it did start to recover over the 50-day it does have some good price support on the chart but between 160 to 180 we can see it's got a nice price base so this is something that I would say if I was looking at a new position in Tesla I would consider a smaller buy and if the stock starts to prove itself work higher maybe the institutions start to come back in then I might look to increase my position on the way up so let me just show you that I think the trend in the stock actually does Act accurately reflect the trend in their financials right so over the last quarter they just reported a revenue of 21.3 billion dollar with gross profits of 3.7 billion and operating income of 1.2 billion roughly two years ago back in the end of quarter one of 2022 they reported almost $19 billion of profit right so even though it increased over those two years is really really only up 15% or so from two years ago at the same time their gross profits are actually down right they reported five and a half billion in Gross profits two years ago they reported 3.7 billion this past quarter and the same with operating income $3.6 billion this time two years ago 1.2 billion over the past quarter so they cut their operating income by 2/3 over the last two years so I do think that the reason it's trading under its 200 day moving average is rooted in real things happening at the company production price Cuts FSD roadblocks so everything we just talked about right aif what about you what are you thinking when it comes to Tesla what big items are top of mind for you we can't discount the Elon Musk factor and I know that sounds like a silly thing to say really or it's hard to quantify I think what's really fast fting is that if you take a step back and you look at the numbers that Tesla are still churning out in terms of cars and where they came from just a few years ago it's still mind-blowing the scale they're at and the bull case if you like would be like well they're in between two cycles in terms of their the cars coming out they will have this lower cost vehicle coming if they do that will really help them in terms of being competitive in the market they also Elon has got an event coming up August the 8th there is some kind of robot taxi event take that with a pinch of salt we've seen him do an AI event where the very first Tesla bot was a guy in a suit so I don't know what we'll get at this Robo taxi event but there is still a chance that if these kind of key bets that elon's placed if they're able to pull those off Tesla could do it really well part of me feels like with all of this fear and uncertainty baked into the stock price it felt to me at the start of the year I felt 2024 would be a good year to maybe accumulate on Tesla over a period of time yeah I haven't answered your question at all I think when I think about Tesla today I really think of it as a portfolio of moonshots right I would never bet against Elon Musk but what Elon Musk is an expert at is making moonshots a reality and right now he's got a lot of irons in the Tesla fire if you will but none of them have really materialized as hey the cars can drive themselves the robot is autonomous Dojo is stood up and people are paying us for the service and I I do think that the markets opinion currently reflects that with the price chart speaking of moonshots holy moly let's talk about meta yeah I'll break this down for you because it was probably the most interesting one in terms of the numbers and then what the stock reaction was after it they beat on earning so $471 per share versus $432 per share was expected revenue for the quarter was 36.467853 7% year-over-year which is the fastest rate of expansion for any quarter since 2021 the Q2 forecast was very good as well everything was looking really strong for meta but what's so interesting was that even post the earnings numbers hitting as well the stock market reaction was up but then it crashed and I think at one point it was down 20% and it's really interesting to get into this Alex and I think it's something you've spoken about before as well so the reason meta stock impacted so NE negatively was the opening comments from Mark Zuckerberg all he spoke about really was the metaverse augmented reality mix reality the those kind of if I could use the word moonshots that you were just mentioning for Tesla meta's moonshots were the real focus and the reason investors get nervous is those are the parts of the business that are making no money that are real loss leaders whereas investors last year we spoke about the year of efficiency for meta they really focused on their CORE family of applications where they have their huge revenues from advertising and they focused Less on the metaverse but in this earnings call in particular the comments from Mark Zuckerberg it really felt like we were back to maybe where we were a couple of years ago with investors really nervous around how much money is being plowed into this moonshot and will it ever bring any meaningful Revenue back into the business when I actually heard that earnings call I wasn't worried one bit I think the market really has this one backwards the reason they're able to spend all this money on long-term bets now is because they got so efficient last year now we're getting to see the fruits of all that labor he's investing in infrastructure like h100s b200s from Nvidia so that he can provide AI tools and experiences whether that's llama 3 being one of the best models out there and being open source to the community whether that's smaller models that go into devices like the Rayband metag glass The Meta Quest 3 they just rolled out AI search across their family of apps so I really don't understand why the market reacted so negatively because these aren't like metaverse level moonshots these are things that meta will be able to implement pretty soon and I think Mark Zuckerberg has done a great job over the course of his career showing that his long-term bets tend to pay off big time what do you think erif do you see this as a long-term moonshot like the metaverse or is this just investing in infrastructure for the next phase of meta platforms which includes things like AI I think he has to do this what else is he going to do is he just going to sit with this family of apps and wait till they're disrupted by someone else there has to be a bigger term play you know where is the puck going not where is it currently so I think it absolutely makes sense and we've talked about how maybe there's only a few people on the planet capable of really producing something like this and they will get disrupted as they already have been from people like Tik Tok so I think they have to do this I think the the problem is the amounts being talked about are ey watering sometimes so I think the CFO talked about 35 to4 billion doar is the sort of capex that they're expecting to spend in 2024 and I think the reality Labs is hundreds of billions of dollars over the years have been burnt in that area and the revenues coming in are really small they're in the millions of dollars so that's what just makes people nervous this high level of expenditure my take on it is they have no other choice if they want to be a company that's around for the next decade they have to do something like this my point of view at least is this is very different from reality Labs because AI can affect their Core Business higher conversion rates higher view Times Higher engagement rates more time spent on the platform so I I think this is going to pay off much sooner than the big bets on the metaverse and we should be seeing it across all of the metrics that we care about across the entire family of apps whether that means AI searches going up and people spending more time searching on Facebook and Instagram or whether that means helping creators create new kinds of content by leveraging AI which means more content on the platform better content on the platform which of course increases engagement which of course increases advertising spend and and it's a virtuous cycle right some of these eye-watering numbers I think are just because if I remember right meta platforms family of apps serves something like 3.2 billion people a day right Al together that's 40% of the entire planet it's a project that affects 3.2 billion people which means we need to drive the cost of training down but even more than that the cost of inference down which just takes a lot of infrastructure I think their AI infrastructure bets today are going to turn into material gains over the next few years and then of course all of that infrastructure can also help power the very long-term Vision augmented virtual reality and then ultimately the metaverse so I think if you think about it that way too as this AI infrastructure play of killing a few birds with one stone near-term helping with the Core Business midterm positioning meta platforms to be a leader in Ai and long-term still being applicable to the metaverse now I think what you're just looking for is the best entry price and the best like long-term buying opportunities don't listen to me Larry what is the chart saying so quickly I I agree with you Alex and meta by far is a a core long-term AI holding and and I think that they're absolutely going to get it right what these companies are doing right now is they're investing in their future they're investing the money now and they've got such a big lead over whoever their smaller competition would be that I think that they're doing the right thing by being very proactive they've really stepped up their capex budgets and they're investing heavy right now when they need to and I think that I agree with what you're saying I think that you're going to see a big payoff down the line from these companies so if we look at the chart same thing long-term uptrend so if we look at the green line 200 day moving average price is trading above that's Rising so that's all constructive the stock did sell off pretty sharply after earnings but on the chart right now it's really in the middle of a very big range so the $400 line I would consider that really the hard floor for meta there was obviously a big breakout from there and I could Envision meta drifting up maybe to that 480 level especially if the market continues to recover higher and then once it starts to get to 480 to 500 it could run into some selling pressure but overall the longterm uptrend is intact and really you know at 400 if for whatever reason if the market started to pull back further which I I don't think it's going to based on the charts but even if it did there's a lot of key support for meta at 400 and if I was looking for to start a position in meta I would go smaller and then if it starts to work higher if my thesis is right and the market confirms that with institutions coming in and pushing the stock up then I can always add to it on the way up but longer term uptrend is intact shorter term a little volatility but overall I think the chart's going to be fine meta platforms is doing this because they want to make sure that the next generation of social media includes all of this new technology whether it's spatial Computing or whether it's AI right then there are companies like Google who are trying to do it so that they can be their own disruptor versus having an external disruptor like uh perplex for example so Google right after they release their Gemini 1.5 pro model we have meta releasing llama 3 and it turns out llama 3 a open source B very cheap and C is near state-of-the-art Google has a big problem they're not going to lose search to any one company search is moving away from 10 Blue Links to answers fed directly to you skipping all the ads and the middle steps along the way so er with all that why don't you roll us right into Google yeah really interesting one this as well so Google they had a nice earnings beat their revenues increased 15% from a year-over-year which was their fastest rate of growth uh since 2022 so revenues came in at 8.54 billion versus expectations which was 78.5 n billion um earnings per share was up as well 1.89 versus the street was expecting of $151 so there was a nice stock reaction after these earnings one of the main reasons why they announced the company announced their first ever dividend so Google announced their first dividend and also a $70 billion share buyback so yeah those two things will help with a stock price but very good earnings from Google and Alex once again in terms of the main things that they spoke about on the earnings call and the drivers for growth it was once again around cloud and around AI just as we were seeing for Microsoft as well one of the things I want to point out is stocks can pop for a lot of different reasons some reasons that a stock can pop is catering more towards shareholders its first dividend issuing more and more stock BuyBacks rather than ramping up a new technology as a new Revenue stream they' really improved their operating income their operating incomes were up 4X and now up to 900 million so I think Google have had some like you were saying there's different reasons stocks can move there's different reasons companies can improve I think Google have been less in terms of brand new innovation and more around just doing things such as is job cuts which is help their overall profitability your point is is a key one they're almost distracting people by saying hey look doing well like you those shareholders are being rewarded but the elephant in the room is the fact that actually their search business is being disrupted so this is an example of what I think is the innovator's Dilemma do we build technology that eats into our own search market share by building answer engines by developing new ways of answering questions that have less advertising in them or how else can we prop up our stock price in this case dividends and BuyBacks short and medium term I'm pretty happy to be a Google shareholder but long term I really want to see that AI Innovation come out of Google to make sure that they're doing everything they can to retain their lead or transfer that lead to something new whether that's AI agents whether that's new forms of physical devices whether that's Android or something else typically I'm not looking for stocks that go up because of dividends and BuyBacks I try to look for stocks that go up because of long-term disruptive innovation that comes with large defensible Moes that make them winners over the long term because dividends and BuyBacks really only get you so far and with certain kinds of Institutions so Larry why don't you tell us what the chart is showing you so alphabet's a great chart it's one of the best charts really in the NASDAQ 100 by far so if we look at the chart itself it's over all the moving averages 200 day moving average is rising the 50-day moving average is rising it's got a very nice consistent weekly uptrend we can see it's been stair stepping higher that's exactly what we'd like to see on a chart it has a tremendous amount of weekly support between 140 to 150 and and from a technical perspective it really is one of the best charts in the market right now so what's the overall what should people be doing with Google stock buying in slow holding it if they got it Google Google to me is a full position buy right now so if I was looking at a a position in Google just based on the strength of the chart because keep in mind I'm not a short-term Trader so I look at the longer term Trend and when I see such a strong Trend with a lot of price support underneath it it's a chart that I would be comfortable with a full position position in not to mention now you're going to get a dividend for every share you hold and I do agree with you about the the concerns with the financial engineering versus actual product Innovation and that's a concern that I've had but the market really bought into the stock because we can see it tested that 200 day and you can see this is where the institutions came in and and that's why I use this 200 day moving average so extensively because it did exactly what you'd want to see that was about 6 weeks before earnings and the Stock's just been acting really well it it's a very good chart right where it sits yeah I think Google is one of those really safe bets that it's such a diversified portfolio of Technology between Google Cloud Gemini obviously their core search Services their advertising services with AdSense Android Google has so many irons in the fire that are constantly paying out and now being able to issue massive BuyBacks and dividends it's still a great long-term Tech stock and speaking of big markets let's talk about the next company on our list Amazon so Amazon web services Powers roughly one-third of the internet today they're the largest e-commerce platform in the world they employ more robots than probably every other robotics company combined there's a lot of markets where Amazon is number one so a why don't you tell us about Amazon's latest earnings call so the revenues came in at 143.5 billion versus 142.5 billion which was expected so a a small beat there earnings per share as well was better than expected 98 cents versus 83 cents good quarter for Amazon and as you mentioned their big area is Amazon web services that brought in 25 billion versus in Revenue versus 24.5 billion that was expected and advertising as well came in which is another huge area for them 11 .8 billion do of advertising we always comment on how big Amazon's advertising revenue is 11.8 versus 11.7 so really strong solid beats across the board and the guidance as well was pretty much in line with what expectations were so what i' would say with AWS is over the years Amazon have put so much money into that business it feels like now that's coming to fruition and AWS is accounts for 62% of their total operating profits so it's a huge chunk of Amazon but it feels like their Cloud business is continuing to grow they still have the largest share obviously there's a threat from Microsoft but at the same time they Core Business around their stores and and their Prime delivery and things like that where they've also invested so much those are also becoming more healthy in terms of profitability they also have been on a bit of a cost cutting spree as well and that's just helping their profitability and so overall Amazon are sort of on the right track in terms of um becoming more profitable one thing that I think is really underrated is the fact that they have much higher conversion rates than for example Google shopping because when you're on amazon.com shopping you already have high purchase intent so Amazon the reason Amazon advertising makes so much money and so quickly is because they're advertising to people who are actively looking for an advertisement to solve their problem one of the things I really respect about Amazon is not just that they have all these different irons in the fire Amazon web services advertising their core e-commerce business and so on but how all of those pieces fit together into one wal Garden ecosystem to bring you a great experience that quickly finds you what you're looking for gets you into checkout with the push of literally one button gets that item to your door and all of those things behind the scenes at every step are leveraging AI are leveraging their cloud services are leveraging their advertising business so I think Amazon is lowkey one of my favorite companies not just because you have access to a wide portfolio of Technologies but because of how those Technologies fit together Amazon web services just hit a hundred billion doll in annual revenue right that's insane and that acceleration is largely due to all of the generative Ai and the new AI models that they're supporting on AWS at the same time their advertising Revenue not only is it big but it grew 24% in the first quarter right so it's actually one of their fastest growing business units each one of those business units feeds into the other as their AI gets better their advertising will convert more as their advertising converts more they'll see more Revenue in their e-commerce business as they see more Revenue in their e-commerce business they'll ramp up the amount of robots they need in the warehouse to fulfill orders so there's a lot of network effects I think not just in the Amazon ecosystem between customers and vendors but also between the different parts of the ecosystem that their business units make up if it's early days for any one of those business units it's early days for the company as a whole as a result so now the question is Larry is it still early days on the chart what is the chart tell you so Alex it it seems like we saved the two best charts for last Amazon very strong chart as of now it's trading over all the moving averages and it's got a really nice series of uptrends which is what I really like to see so what I mean by that is if we look on the chart it's trading at 186 right now so between 170 and 180 you can see there's a very nice congestion Zone in here this is the opposite of what I talked about on the Tesla chart so instead of having overhead Supply where there's maybe buyers that paid High prices that might look to sell what we've got here is we've got a nice support zone of quite a lot of buying between 170 to 180 so what that does is it provides almost a cushion whereas if the stock starts to pull back it's got some price support below and then we can see 150 to 160 so overall Amazon is it's a great chart on every time frame if we dial out to the weekly up Trend we can see it's trending higher weekly these moving averages are also Rising so from a a technical perspective of the five that we've looked at Amazon and Google are the two best charts right now that makes a lot of sense they're two big stable large technology portfolio companies Google showing a lot of financial discipline Amazon really firing on all cylinders and having all those cylinders work together in one coherent e-commerce engine okay Larry so we we've talked about some of the biggest companies in the world today we've talked about Microsoft we've talked about Tesla meta platforms talked about Google and then Amazon some people are tired of hearing us only talk about big tech companies big AI companies what other charts should they be looking at right now so I I do have other Tech and AI but they might not be the Magnificent 7 so a few charts that are are very high on my list and and I think that we should keep on everyone's radar screen Dell Technologies and computer hardware Dell is number one in AI server market share and we can just look at the chart Rising 200 day moving average the green line it's got the rising 50-day moving average which is the red line and something that I find very interesting is we had this recent correction in triple Q maybe it's almost over maybe we're working our way through but you can see the red line on Triple Q this is the 50-day moving average so triple Q lost that 50-day for a bit it's still underneath right now and it actually lost the 100 day so what I do as a technician is I look for stocks that during the pullback held up better than the market because what that tells me is that even when institutions were selling and they took Apple below the 200 day moving average and they took Tesla below the 200 day moving average a chart like Dell the institutions have not been so quick to sell this stock it really has not even tested that 50-day moving average so Dell it's a performance leader year-to date it's up 64% so it's leading the market year-to date it's leading the market over the past 12 months and it's one of my favorite charts in any sector on the screen right now I'm going to take another look at Dell then Micron Technology is another one that that Micron plays very well into AI but they're in a different part of the chain but here's the key thing once again over that Rising 50 days so what this tells me and Micron just had a very big breakout we can see earnings down here the market really reacted well to earnings and here's the thing when the markets pull back sharply like we saw recently with the S&P and triple Q most stocks will pull back but once again we can see with Micron it held that Rising 50-day moving average very nicely and this is a chart that if Micron starts to clear I would say 118 117 to 120 if it clears that level on a technical basis which I do expect that it will then I expect that micron's going to test new highs wow all right micron's another one we got to look into got I got another one Western Digital also in the technology sector they're in that computer hardware group and they're in a little bit different end of the the chain as well but same thing if we just look at the trend on this chart this is the ideal Trend what you want to see on a chart is that gradual stair step higher where you have a series of higher highs and higher lows you want to see that stair case to the Stars so to speak and that's what we see in Western Digital if we look at the 200 day is rising 50-day is rising and we can see it tested the 50-day here and it held in February it held over in March a little bit of a test recently they just reported earnings very nice uptrend and these are our three stocks that are AI beneficiaries but they're not the Magnificent 7 these are stocks that might not be on everyone's radar screen but they should be Dell huge play in data center infrastructure Micron makes high bandwith memory for nvidia's systems and then Western Digital makes nonvolatile memory so hard drives and things like that that's a great list of stocks to augment the five of The Magnificent Seven that we talked about today so I think whether you're looking at the mag 7 whether you're specifically looking for a new take on Tesla or whether you're looking for Diversified plays across the AI ecosystem hopefully these eight stocks that we highlighted today have something for every type of tech investor in them so with all that this is ticker symbol U my name is Alex and I'm joined by Arif and Larry and we're reminding you that the best investment you can make is in you

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Keywords: nvda, nvda stock, nvidia stock, top stocks, best stocks, ai stocks, msft, msft stock, microsoft stock, chatgpt, openai, growth stocks, tech stocks, pltr, pltr stock, palantir stock, tsla, tsla stock, tesla stock, meta, meta stock, aapl, aapl stock, apple stock, goog, google stock, goog stock, amzn, amzn stock, amazon stock, aws stock, earnings news, tesla news, tsla news, nvda news, nvidia news, nvidia earnings

Id: wo-hXjzalIo

Length: 39min 20sec (2360 seconds)

Published: Wed May 08 2024