From Nasdaq:

Investing in stocks can be tricky, but past performance can offer insight into future trends. History suggests the Nasdaq Composite could surge in 2024, driven by a boom in the AI space. Nvidia and Microsoft are two top stocks to watch as they continue to lead in AI development.

Nvidia experienced a surge of 239% in stock value last year, benefiting from high demand for its GPUs in the AI hardware market. With a forward P/E ratio of 49, Nvidia remains a strong buy, with projected stock growth of 96% over the next two years.

Microsoft has seen a 65% jump in stock value in the last 12 months, powered by its strong presence in AI development. With projected earnings reaching $15 per share, Microsoft is projected to see a 33% stock increase over the next two years. The company has the resources and brand power to continue succeeding in the AI arena.

Considering an investment in Nvidia? It’s important to consider all factors before making a decision. The Motley Fool Stock Advisor analyst team provides expert guidance and analysis to help investors make informed decisions, offering up promising alternative stock picks. Make sure to research all options before making a final choice.



Read more: History Suggests the Nasdaq Will Surge in 2024: 2 Superb AI Stocks to Buy Before It Does