From Nasdaq:

The Nasdaq Composite rose 43% in 2023, driven by easing inflation and excitement around AI. Amazon and Apple are both attractive growth stocks in 2024. Amazon saw 13% revenue growth in Q3 2023, with a 427% rise in free cash flow, while Apple’s 2023 revenue fell 3%, but its investments in VR/AR look promising.

Though Apple faced declines in 2023, its upcoming VR/AR headset suggests potential for growth with a 31% projected expansion in the VR market. Amazon, on the other hand, saw strong revenue growth in Q3 2023 and significantly increased free cash flow, making it a better value stock trading at a lower price-to-sales ratio.

Both Amazon and Apple are poised to deliver significant gains, with Amazon appearing as the better growth stock for 2024, backed by impressive Q3 revenue growth and robust free cash flow. Apple, with its upcoming VR/AR headset launch, remains an attractive growth stock.



Read more: Better Growth Stock in 2024: Amazon vs. Apple