From Nasdaq:

The tech industry continues to offer strong growth potential for investors, with the Nasdaq-100 Technology Sector index outperforming the Nasdaq Composite and S&P 500 over the past decade. Two top tech stocks to consider are Nvidia and Amazon, both of which have shown impressive growth. Nvidia’s dominance in the GPU market and strong position in the fast-growing AI industry make it an attractive option. Meanwhile, Amazon’s leading cloud platform, AWS, has propelled the company’s long-term success and profitability. According to EPS estimates, Nvidia has more growth potential over the next two fiscal years, making it the better tech stock to buy for 2024.

Overall, both Nvidia and Amazon are among the top performers in the tech industry, but Nvidia’s higher growth potential and strong position in the booming chip business make it the better tech stock to invest in right now. With EPS estimates suggesting significant growth over the next two fiscal years, Nvidia is a promising choice for investors in 2024.



Read more: Better Tech Stock: Nvidia vs. Amazon