These 4 AI-Related Stocks Outside Magnificent 7 Are Already Outperforming In 2024

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Nvidia Inc (NASDAQ:NVDA) and Meta Platforms Inc (NASDAQ:META), top artificial intelligence (AI) plays and elite members of the Magnificent 7 club, are topping the S&P 500 leaderboard so far this year. These two stocks were among the best performers of 2023 — indeed, Nvidia was the year’s winner by a country mile with a gain of 239% — and also led the powerful fourth-quarter surge that has resumed in the opening weeks of 2024. Much of this momentum is based on the anticipation that AI will become a significant revenue stream, despite it not yet making a substantial impact on the earnings of eit…

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