From NASDAQ: 2024-04-12 13:35:29

The market is facing challenges as inflation rose to 3.5% in March, exceeding the Fed’s target. Interest rate cuts are not expected until September. Amidst market volatility, some sectors like crypto, AI, and semiconductors are thriving. Stocks like Coinbase Global, Super Micro Computer, and Micron Technology are potential winners to turn $10,000 into $1 million.

Coinbase Global (COIN) has seen a 277% surge in the past year with a 63% increase in share price this year. The company reported its first profit in two years with revenue up 58% from last year. Super Micro Computer (SMCI) has risen by 217% this year and was added to the S&P 500. Micron Technology (MU) has doubled in the past year and reported a strong Q1 revenue outlook.

Super Micro Computer (SMCI) remains a top performer in the market with a 217% rise this year, leading the AI revolution. Added to the S&P 500, analysts continue to upgrade the stock, with JPMorgan Chase giving an “overweight” rating with a $1,150 price target. Micron Technology (MU) has nearly doubled over the past 12 months and reported strong financial performance, benefitting from the AI boom. Management expects continued growth in revenue.

Read more at NASDAQ.: 3 Stocks to Turn $10,000 Into $1 Million: April 2024