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The “Magnificent Seven” stocks—Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla—have been key drivers of market growth. However, their performance in 2025 has been uneven, prompting suggestions to replace Apple and Tesla with Palantir Technologies and Broadcom.
Apple’s revenue for fiscal 2024 was $391 billion, down from $394.3 billion in fiscal 2022, showing only 4% growth in the first half of fiscal 2025. Tesla’s EV deliveries fell 13% in Q1 and 14% in Q2, contributing to a 20% drop in auto revenue. Both companies face challenges due to competition and market dynamics, particularly in China.
Conversely, Palantir reported a 39% revenue growth in Q1, driven by significant contracts with the U.S. government, while Broadcom’s revenue increased 20% year-over-year, particularly boosted by its AI networking portfolio. Broadcom anticipates a serviceable market opportunity of $60 billion to $90 billion by 2027 from custom AI chips.
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