Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
Rivian Automotive is looking to challenge Tesla, Ford and General Motors with its adventure-styled electric vehicles. It is Jonas' view that Rivian may benefit from a partnership to bring its new vehicles to market at scale.
Nvidia CEO Jensen Huang on Wednesday claimed Tesla's autonomous driving efforts are ahead of the competition.