From Nasdaq: 2024-06-20 04:05:00

1. The Nasdaq Composite is thriving in a bull market, with a 30% increase in the last year. This growth is linked to the rising popularity of artificial intelligence (AI) technology, creating opportunities for investors. Stocks like Alphabet (Google) are benefiting from AI developments, reporting significant revenue and earnings growth, including the introduction of a dividend.

2. Meta Platforms (formerly Facebook) is also capitalizing on the digital advertising boom and AI technology, leading to a 27% revenue increase in the first quarter. With strong profits and the initiation of a dividend, Meta is becoming a quality dividend growth stock. Analysts predict a 18% annual earnings growth, offering potential returns for investors.

3. Should you invest in Alphabet? While Alphabet is not among the 10 best stocks recommended by the Motley Fool’s Stock Advisor team, the company’s AI advancements and financial performance indicate strong potential for growth. Consider the success stories of past recommendations like Nvidia for insight into the benefits of following the Stock Advisor service.



Read more at Nasdaq: History Says the Nasdaq Could Soar: 2 AI Stocks to Buy Hand Over Fist