From Nasdaq:

The Nasdaq Composite index surged 43% in 2023, largely due to AI and related stocks. With expectations for low unemployment and a gentle economic slowdown, U.S. economic optimism is rising, boosting the outlook for the Nasdaq index in 2024. Now might be a good time to consider blue-chip stocks like Microsoft, Intel, and Amazon as smart investments.

Microsoft’s diverse business segments, strong AI capabilities, and robust financials make it a smart buy now. Azure, the company’s cloud computing platform, is rapidly expanding its customer base and seeing rapid growth, while the recent launch of AI-powered digital assistant CoPilot can contribute to long-term success.

Intel is set to benefit from increasing demand for AI-capable PCs, projected to account for nearly one-fifth of PC shipments in 2024. As demand for cloud computing, data analytics, and AI rises, Intel’s CPU market leadership, new product lines, and inroads in the automotive AI market present significant growth opportunities.

Amazon’s revenue has been on the rise, with strong results in e-commerce sales and stabilization in AWS. The company’s investment in robotics, generative AI, and cloud computing make it a compelling pick in 2024, particularly with global retail e-commerce sales expected to grow by 9.6% to $6.9 trillion.



Read more: 3 Blue-Chip Stocks to Buy Hand Over Fist Before the Nasdaq Surges in 2024