Although not part of the Magnificent Seven, Oracle Corp. shares are up more than 70 per cent this year as its AI-related cloud-computing business takes off. Photo by Justin Sullivan/Getty Images/Postmedia files
Wall Street’s most powerful collection of stocks, the Magnificent Seven , is looking a tad dated. Make way for the Great Eight. Or maybe the Golden Dozen. Or the TenAI of GenAI.
It has been almost three years since OpenAI’s ChatGPT made artificial intelligence the centre of the global economy, and in that time one trade has dominated the United States stock market : Buy the Magnificent Seven. Comprised of Nvidia Corp., Microsoft Corp., Apple Inc., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Tesla Inc., this septet was seen as best positioned to deliver huge re