Beyond the Mag 7: These tech stocks could be the biggest winners of the next chapter of AI
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2025-09-29T18:07:16Z
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- High-growth tech stocks have had another stellar year in 2025.
- However, there’s more to the AI boom than just the seven largest players.
- Analysts at Futurum flagged a handful of the most likely winners from the next leg of AI development.
Economic uncertainty lingers at the edge of markets, but it hasn’t done much to dent the wild enthusiasm for AI in 2025.
The frenzy is still mainly seen in the market’s biggest stocks. The Roundhill Magnificent Seven ETF is up 40% in six months, compared to a gain of 20% for the S&P 500 in that time.
However, the rally is broadening, and other winners are emerging as the AI buildout accelerates.
Analysts at Futurum Group, a market research and intelligence firm, flagged a list of stocks they see as most likely to outperform the most popular names in the next chapter of the AI boom. Here are five tech stocks it sees as the big winners as the rally extends beyond the Magnificent Seven.
Broadcom
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Ticker: AVGO
Year-to-date gain: 43%
Analyst’s view: Futurum analysts describe Broadcom as the “Uncle Sam of AI,” due to its ability to tax many aspects of AI inference, earning it the No. 1 spot on its ranking.
“In a world where every AI token costs someone money, Broadcom isn’t just supplying parts, but they are becoming the toll collector across silicon, networking, and software, taking a cut from every layer of the stack.”
Palantir Technologies
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Ticker: PLTR
Year-to-date gain: 137%
Analyst’s view: While Palantir stock has stumbled in recent weeks, leading to a spike in bearish sentiment, Futurum’s analysts aren’t worried.
“Palantir has emerged as the execution layer of AI, not selling models or dashboards but decision engines that fuse data, policy, and action across government, defense, and enterprise.”
Oracle
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Ticker: ORCL
Year-to-date gain: 70%
Analyst’s view: One of the season’s breakout tech stocks, Oracle has been in focus since a bullish revenue forecast sent shares surging. Futurum sees it as the core player in the industry, praising its strength as a fundamental enterprise AI provider.
“Where others rent compute, Oracle ties it to data by being that structural edge as AI moves from prototype to production,” the report said. “That edge is now scaled by numbers that rival hyperscalers.”
Nebius
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Ticker: NBIS
Year-to-date gain: 295%
Analyst’s view: An unknown AI utility company until recently, Nebius stock surged on September 9 on news that it had inked a $17 billion deal with Microsoft, and Futurum sees the Netherlands-based company playing a pivotal role in the AI economy.
“Nebius isn’t competing with hyperscalers on breadth. It’s competing on the physical and economic constraints that define AI compute: power, cooling, and integration.”
MongoDB
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Ticker: MBD
Year-to-date gain: 31%
Analyst’s view: Over the past two quarters, MongoDB stock has surged as Atlas, its enterprise platform, has helped drive significant revenue growth. Futurum highlighted the platform’s ability to help large-scale companies simplify AI applications.
“That evolution is why Mongo is winning critical workloads and why it’s becoming the memory layer of AI, the bridge between messy enterprise data and agentic systems that require structured retrieval.”