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Alphabet's strategy of infusing its core offerings with advanced AI capabilities is paying rich dividends. Broadcom's custom silicon and networking products are experiencing significant demand.

Alphabet's Google has maintained its dominance over the past few years despite many calling for its downfall. While best known for its e-commerce business, Amazon is experiencing its strongest growth elsewhere.

Palantir has been an exceptional stock to own over the past few years, but it's extremely expensive and has a niche market. Amazon has several large and growing businesses and should keep capturing market share.

AI sector stocks like Palantir (PLTR), Nvidia (NVDA), and AMD face valuation concerns despite strong earnings, leading to recent pullbacks. The government shutdown and lack of economic data are increasing uncertainty, with job cuts rising sharply and consumer spending at risk.

Pershing Square Capital Management CEO Bill Ackman revealed new bets on the Magnificent 7 stocks in the second quarter, taking a new stake in Amazon.com Inc (NASDAQ:AMZN) and increasing a bet on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).

Amazon's Temu-like Bazaar will operate in 14 countries.

CNBC's Paulina Likos and Zev Fima break down big tech's massive artificial intelligence spending spree

Affirm Holdings, Inc. (NASDAQ:AFRM) shares extended their rally Friday after the company reported late Thursday strong fiscal first-quarter results, which beat analyst expectations and reignited enthusiasm for the buy-now, pay-later firm's growth prospects.

The boom-bust cycle that has lately powered a pullback in cryptocurrencies and precious metals is coming for AI stocks, according to BCA Research. And they have an idea for how to play it.