Wall Street Bulls Dominate 2024

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Magnificent Seven stocks

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The Motley Fool

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Wall Street's "Magnificent Seven" stocks can plunge by up to 98%

Summary

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74% Informative

Wall Street has mixed views on where some of the Magnificent Seven members are headed next.

Based on price target from two Wall Street pundits, the following Magnificent 7 stocks can plunge by up to 98% ! Nvidia is set to face a meaningful uptick in competition on all fronts.

The real threat may come from within. All four of these respective industry leaders are internally developing AI-GPUs.

GLJ Research founder and longtime Tesla bear Gordon Johnson has a very specific price target of $ 24.86 per share, which would imply 90% downside.

While some investors prefer to think of Tesla as a "tech stock," its auto business is overwhelmingly vital to its success.

51.3% of Tesla 's pre-tax income can be traced to automotive regulatory credits and interest income on its cash.

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English

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