From Nasdaq:

In 2023, the “Magnificent Seven” stocks, including Apple, Microsoft, and Amazon, dominated the S&P 500. However, the focus now shifts to potential market leaders for 2024, with the emergence of the “Fab Four” stocks.

Visa has demonstrated impressive growth since its IPO in 2008, processing transactions worth over $12 trillion in fiscal year 2023 and rewarding shareholders with significant repurchases and dividends.

As a prominent cybersecurity provider, CrowdStrike’s relevance has soared with a 35% revenue growth and a subscription-based model that’s highly scalable.

Despite setbacks in 2022, Shopify has rebounded strongly, showing substantial revenue growth and improved financial health by reducing costs and increasing free cash flow.

Nvidia benefits from the growing demand in AI technologies and applications, with analysts raising their future earnings estimates amid its role in the AI revolution for a strong performance in 2024.



Read more: Will 2024 be a Year of “Fab Four” ETFs Instead of “Magnificent Seven”?