History Says the Nasdaq Will Soar in 2024: 1 Stock-Split AI Growth Stock to Buy Now and Hold Forever
From Nasdaq:
Stock splits have two benefits for investors: lowers the price per share and signals a company’s success. Recently, companies like Amazon, Apple, and Alphabet have undergone stock splits, indicating market growth. The Nasdaq Composite is currently considered a sound investment, with a predicted uptick in 2024 due to historical trends and rebounding figures from 2022.
Nvidia is a promising investment, with expected growth and clear strides in the market. The chipmaker’s financial results in 2023 exceeded expectations, showing a record-breaking revenue. By widening its data center portfolio, expanding its semiconductor product range into the CPU market, and adopting cloud subscription software, Nvidia is set to continue its momentum in the coming years. With its forecasted 22% annual revenue growth, Nvidia’s stock is reasonably priced and a worthwhile investment.
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