After a disappointing 2022 during which the U.S. stock market posted its worst performance of the last decade, Wall Street breathed a sigh of relief in 2023. When the stock market is gearing up for a bull surge, it makes sense for retail investors to pick up stocks of high-quality companies with robust tailwinds. Accelerated computing specialist Nvidia (NASDAQ: NVDA) has made a splash on Wall Street lately thanks to its cutting-edge artificial intelligence (AI) chips and software ecosystem.
These two companies could be the best-performing Magnificent Seven stocks through the next bull market and beyond.
If there's one trend that defined 2023 and could define the entire decade, it's artificial intelligence (AI). Nvidia, for example, is riding a massive wave of demand for its graphics processing units (GPUs), which many developers use to train their AI models. Picking a winner in an area with such wide-ranging technology and many competing forces is no easy task.