History Says the Nasdaq Will Soar This Year: My Top Artificial Intelligence (AI) Growth Stocks to Buy Before It Does
The Nasdaq Composite index has had a great year so far, and we're only a few months into 2024. Technology stocks, which dominate the index, are roaring higher as investors favor growth and innovation such as artificial intelligence (AI) stocks, chip designers, and cloud computing players. This has pushed the index to a record high, confirming that it's reached bull territory.
And if history is a guide, the Nasdaq's winning streak may not be over. Over the past six periods of stock market gains dating back to 1990, the Nasdaq has climbed an average of 64% in the first two years of positive performance. The index advanced about 43% last year and so far has climbed 8% this year -- so if it follows historical patterns, the Nasdaq could soar this year. Here are my top AI growth stocks to buy before it does...
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