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March 25, 2024, 2:35 a.m.
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Brief news summary

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The S&P 500 has rebounded from its bear market low and entered bull territory with the help of seven technology stocks known as the Magnificent Seven. These companies are involved in artificial intelligence (AI) and are either developing AI, using it in their own operations, or selling AI tools. Investors can benefit from investing in just a few of these stocks, as they offer proven potential for earnings growth and success in the AI revolution. Two top Magnificent Seven AI stocks are accessible for less than $500, making them attractive long-term investments. Amazon, a dominant player in e-commerce and cloud computing, is using AI to streamline operations and improve customer service.

Its Amazon Web Services (AWS) is also offering a range of AI products and services. Alphabet, the parent company of Google, is investing in AI to enhance its search results and maintain its market share. Google Cloud is experiencing strong growth with its AI tools. Both Amazon and Alphabet are reasonably valued and have promising long-term AI prospects.


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