Jim Cramer advises buying shares of the 'Magnificent Seven'
Jim Cramer from CNBC states that after months of underperformance, the 'Magnificent Seven' stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla, and Apple—are relatively cheap and poised for a rebound. He highlights that massive AI investments by these companies are beginning to show potential for significant returns. Except for Apple, the others have lagged behind the S&P 500, but their price-to-earnings multiples are low, indicating a buying opportunity. Cramer points to specific catalysts: Amazon with AWS and advertising, Alphabet with Google Cloud and Waymo, Meta after resolving a lawsu
- Amazon up 12% in 2024 despite large AI investments
- Nvidia trades at 14 times expected 2025 earnings
- Tesla down 16% and could benefit from SpaceX merger
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