From Nasdaq:

In 2023, investors did not invest in risky stocks to access AI technology. Apple, Alphabet, Meta Platforms, Amazon.com, Nvidia, Microsoft, and Tesla were the key players driving the growth of AI last year. This led to the Invesco QQQ Trust and the Invesco NASDAQ 100 ETF gaining 54.54% in 2023.

Investors are hopeful for the performance of the Invesco ETFs in 2024. Raymond James analyst Josh Beck believes that generative AI technology is still in its early stages, predicting it will continue to grow this year.

In 2024, Alphabet, Amazon, Meta Platforms, and Microsoft are expected to lead the way in generative AI. Amazon’s Amazon Web Services, Meta’s Facebook and Instagram, and Microsoft’s early investment in Open AI are anticipated to drive growth with the help of AI.



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