From Nasdaq:

2023 surpassed the S&P 500 predictions of top investment banks, closing at 4,769. The tech giants leading the way with triple-digit gains were Meta Platforms (up 194%) and Nvidia (up 239%), driven by strong earnings, significant cost-cutting, and AI technology in demand, indicating a positive outlook for 2024.

Meta Platforms saw remarkable growth in 2023, with a 167% increase in earnings per share, driven by aggressive investment in artificial intelligence, cost-cutting measures, and a 34% expected surge in 2024 earnings, signaling room for 2024 growth for investors.

Nvidia recorded an unprecedented 155% increase in data center revenue, with a 599% increase in earnings per share through Q3 of fiscal 2024. The company launched a new data center chip, H200 and Wall Street predicts a 56% revenue and 59% earnings surge in fiscal 2025, pointing to further stock growth in 2024.



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