The Magnificent Seven: Old wineskin for new wine
Investors must look beyond these stocks to find companies positioned to lead in the race for agentic AI
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WHEN ChatGPT burst onto the scene in November 2022, it redefined our expectations for what artificial intelligence could achieve. For the next two years, the so-called “Magnificent Seven” tech giants (Alphabet, Amazon, Meta, Apple, Microsoft, Nvidia and Tesla) became synonymous with the AI trade, dominating headlines and portfolios alike.
But beneath the surface, the AI landscape has been quietly shifting. The next breakthrough – agentic AI – will require investors to rethink the playbook.
The next “ChatGPT moment” is near
The first phase of AI was defined by conversation. Large language models (LLMs) such as ChatGPT dazzled the world with their ability to generate human-like responses. But these systems were passive, waiting for prompts and then replying.
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