The position of Tesla, one of the &#34;Seven Sisters&#34; of technology stocks, is now in jeopardy.Affected by factors such as price wars squeezing profits and earnings reports falling short of expectations, Tesla's stock price has been declining this year, with a cumulative decline of 24%.On Thursday, Tesla's stock even experienced a &#34;death cross&#34; - the 50-day moving average fell below the 200-day moving average - some traders believe that this signals that the stock price will continue to decline.Brandon Michael, Senior Investment Analyst at ABC Funds, said:<blockquote>&#34;Now there are only the 'Six Sisters' of technology stocks.&#34;&#34;Tesla is facing competition from Chinese electric vehicle manufacturers, price reductions, shrinking profits, and even Tesla itself has said that the Dojo supercomputer is an unattainable goal.&#34;</blockquote>More than a dozen traders have told the media that the next company to &#34;take over&#34; Tesla is likely to be &#34;a company that successfully monetizes the booming trend of AI.&#34;Media reports suggest that high borrowing costs, reduced government subsidies, and ongoing price wars are also challenging for Tesla.<h2>The market now values the ability to &#34;monetize&#34; AI</h2>As another company in the &#34;Seven Sisters&#34; of technology stocks that has not performed well, Apple is also facing market doubts. As of this week, Apple's stock price has fallen by 0.3% cumulatively.Art Hogan, Chief Market Strategist at B Riley Wealth, pointed out:<blockquote>&#34;Let's turn the calendar to 2024, which is the year of 'proving oneself' - technology companies not only need to prove their ability to use AI, but also prove their ability to 'monetize' AI. Therefore, some of Apple's halo has faded.&#34;</blockquote>Meanwhile, as optimism about artificial intelligence continues to rise, Nvidia's stock price has risen by 31% this year, Microsoft has risen by about 9%, and the Philadelphia Semiconductor Index has reached a new closing high.<h2>Who will &#34;take over&#34; Tesla?</h2>American communication chip giant Broadcom is a popular option.Benefiting from the continuous fermentation of the concept of artificial intelligence, Broadcom's market value doubled in 2023 and entered the top ten in the United States for the first time. Some traders are betting that its recent acquisition of cloud computing company VMware may also boost its stock price.Last year, Broadcom's impressive performance led Wall Street analysts to believe that Broadcom is likely to be another company benefiting from the demand for AI infrastructure, following Nvidia.Michael believes:&#34;If I had to choose the seventh, it would be Broadcom, the leader in the custom chip field, driving the AI revolution.&#34;Another nominee is the American chip giant AMD, which is also a major competitor of NVIDIA. Its stock price more than doubled last year.The latest earnings report shows that AMD's fourth-quarter revenue exceeded expectations, but its stock price fell more than 6% after hours due to lower-than-expected performance guidance for the first quarter.Chris Beauchamp, Chief Market Analyst at IG Group, believes that although AMD's market value is far less than Tesla's, it can &#34;stand out&#34; because it will be a major beneficiary of the AI boom.A more common view is that the &#34;Seven Sisters&#34; of tech stocks may be reduced to six, becoming the &#34;Six Sisters&#34; of tech stocks.

Broadcom and AMD are popular "alternative" nominees.

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Tesla falls behind! Wall Street discusses: Who will replace the "Tech Seven Sisters"?