Strong performance in AI stocks driving market rally, Nvidia, AMD, and Alphabet poised for growth.

From Nasdaq: 2024-12-28 07:45:00

The U.S. stock market has seen a strong performance in 2024, with the S&P 500 gaining about 25%. The technology sector, particularly AI-powered stocks, has been driving this rally. Market volatility increased in December due to the Federal Reserve’s interest rate cut indications, but there are still strong stocks to watch in 2025.

Nvidia has shown exceptional financial performance in 2024, with revenue growing by 94% year over year to $35.1 billion in the third quarter. The company’s AI-optimized ecosystem has been a key factor in its growth, with a focus on AI data center segments and customizable AI data center scale Blackwell systems. Shipments of next-gen Blackwell systems have been strong.

Advanced Micro Devices (AMD) is set to benefit from the growing AI market, with data center revenue increasing by 122% year over year to $3.5 billion in Q3. The company expects data center GPU revenue to exceed $5 billion in 2024. AMD is expanding its presence in the AI market with performance improvements and upcoming GPU launches in 2025.

Alphabet has become a major player in the AI space, with strong fundamentals despite facing challenges like antitrust issues. Google’s leadership in the search market and AI offerings have driven revenue growth. Google Cloud has seen substantial revenue and operating income growth, fueled by AI infrastructure adoption. Alphabet’s market leadership and cloud business growth make it an attractive pick.

Investors have a second chance at potentially lucrative opportunities with “Double Down” stock recommendations. Companies like Nvidia, Apple, and Netflix have shown significant returns over the years. The current “Double Down” alerts for three companies present a unique investment opportunity. Don’t miss out on these potential growth prospects in 2025.



Read more at Nasdaq: 3 Top AI Stocks to Watch in 2025