I think the megacap technology businesses -- otherwise known as the "Magnificent Seven" -- are fantastic businesses. These include Nvidia, Tesla, Alphabet, Apple, Microsoft, and Meta Platforms. But it is the seventh member of the Magnificent Seven, I think, that has the best chance to double by the end of 2028: Amazon (NASDAQ: AMZN). The technology player is a beneficiary of artificial intelligence (AI) and also enjoys massive economies of scale in its e-commerce delivery business. Here's why I think the stock can double by the end of 2028 if the AI spending boom continues. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
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