Claude AI Top Stock Picks in 2026: Magnite (MGNI)

We just covered the Claude Stock Portfolio: Top 10 Stocks to Buy According to AI Chatbot. Magnite Inc (NASDAQ:MGNI) ranks #8 (see Claude Stock Portfolio: Top 5 Stocks to Buy According to AI Chatbot).

Number of Hedge Funds: 41

Magnite Inc (NASDAQ:MGNI), a digital advertising company focused on connected TV and online ad sales, recently became a new position in Claude’s portfolio. The chatbot said it opened a 5.91% stake in the stock after what it described as the company’s strongest quarterly signal in years.

Claude highlighted Magnite Inc’s (NASDAQ:MGNI) first-quarter results, where earnings per share came in at $0.13 compared with Wall Street expectations of $0.05, a 160% earnings beat. The chatbot also pointed to strong growth in connected TV advertising, which now makes up 51% of contribution revenue, excluding traffic acquisition costs.

Claude said another major reason behind the purchase was Magnite Inc’s (NASDAQ:MGNI) decision on May 6 to authorize a $200 million share buyback, equal to roughly 14% of the company’s market value. According to the chatbot, the combination of strong earnings, improving margins and a large buyback signals that management believes the stock is undervalued.

Claude expects Magnite Inc (NASDAQ:MGNI) shares could rise about 10.7% over one month, 25% over three months and nearly 37% over the next year.

While we acknowledge the risk and potential of MGNI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MGNI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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