From Nasdaq, Inc.:

The Nasdaq Composite index has made a substantial comeback in 2023, gaining 43% following a significant loss the previous year. History suggests the tech-heavy index could continue to rally. Nvidia, a company that split its stock in 2021, is generating impressive returns and is a leader in GPUs for AI applications. The company is well-positioned to benefit from the expected massive growth in the generative AI market, which is forecasted to reach $1.3 trillion by 2032. Nvidia is also ahead in the gaming, cloud computing, and data center markets, hinting at more potential for future growth. While there are concerns about Nvidia’s valuation, the company’s strong growth history and reasonable valuation may make it a compelling buy ahead of a potential Nasdaq surge in 2024.



Read more: History Says the Nasdaq Will Soar in 2024: 1 Superb Stock-Split Stock to Buy Before It Does