**Nvidia Emerges as Top Pick Among "Magnificent Seven" Stocks if Trump Wins**

In light of the upcoming 2024 presidential election, investors are scrutinizing the potential impacts of a second term for former President Donald Trump on major tech companies, famously dubbed the "Magnificent Seven." These companies include Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.

Trump's economic policies, which significantly influenced the corporate landscape during his first tenure, could bring about notable changes once again. Among the anticipated policies, three stand out: proposed corporate tax cuts, expansive tariffs on imports, and a reduction in federal regulations.

The proposed corporate tax cuts would lower the tax rate from the current 21% to 15%, potentially benefiting all members of the Magnificent Seven. However, their impact might not be uniformly significant considering that none of these companies currently pay the full 21%. For instance, Microsoft could be a substantial beneficiary as it pays a comparatively higher effective tax rate than its peers.

Tariffs pose a more challenging scenario, particularly for those reliant on global supply chains. This includes Apple, which could face the hardest hit due to its extensive reliance on imported components. Meanwhile, Alphabet and Meta, which generate significant revenue from services, might experience less of an adverse effect.

On deregulation, Trump's potential return could positively impact tech giants involved in artificial intelligence and cloud services. Amazon, Microsoft, and Alphabet, leading the cloud market, would benefit from fewer AI regulations. Nvidia, a key player in AI hardware, would also gain from such deregulation. Despite his criticism towards Alphabet and Meta, accusing them of irresponsibility and even publicly denouncing Meta's Facebook as "a true enemy of the people," Nvidia and Microsoft seem relatively unscathed by Trump's rhetoric.

Interestingly, even though Tesla's CEO Elon Musk backs Trump, the company could face challenges due to Trump's previous objections to federal incentives for electric vehicles, despite Musk's endorsement.

Given these insights, experts weigh Microsoft and Nvidia as the top contenders if Trump secures the presidency. Both companies could benefit from tax cuts and deregulation, with Nvidia being the standout due to its stronger growth prospects. Therefore, among the Magnificent Seven, Nvidia emerges as the top stock to buy under a Trump administration.