From Nasdaq:

Big Tech stocks have had a successful year and are responsible for most of the stock market gains. Needham’s Laura Martin predicts that Alphabet is the best Big Tech stock for 2024, ahead of Amazon and Microsoft. Google has a strong outlook, driven by ad spending rebound and GenAI. The EU is set to regulate GenAI in 2024, and U.S. companies are expected to gain a market share as they can pass on cost savings to EU consumers. Lastly, Martin recommends a Buy rating for GOOGL shares with 14% growth over the next year.



Read more: Alphabet Stock: Our Favorite Name in Big Tech for 2024, Says Needham