Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. The founder of Constellation Research views Nvidia as the top megacap to own given its ongoing spending on the early-stage artificial intelligence buildout as company's ramp up spending on its chips to get ahead of competitors.
Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Apple's goods and services positions it as his next favorite. He called Tesla a "wild card," adding that Elon Musk's robot plans may trump the robotaxi. Meta Platforms is at the bottom of Wang's list. He believes that it may take time for the social media giant's large language models and open source initiatives to gain steam.
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