High-quality tech stocks like AMD and Alphabet offer growth potential for investors
From Nasdaq: 2024-12-07 04:09:00
- The U.S. stock market, particularly the S&P 500, has shown strong growth in 2024, surpassing 6,000 points in November. Tech stocks have been driving this surge, though some are at unsustainable valuations. High-quality tech stocks like AMD and Alphabet offer growth potential and may be good investment options.
- Advanced Micro Devices (AMD) reported impressive Q3 results, with data center revenue soaring by 122% year over year. AMD’s success in the AI market and competition with Nvidia, along with strong financials and low valuation, make it a smart buy for 2025.
- Alphabet, facing antitrust concerns, saw its stock fluctuate in 2024. Despite legal challenges, Google’s dominance in the search market and growth in advertising revenue remain strong. The company’s cloud computing division also showed significant revenue growth, making Alphabet an attractive investment option.
- The Motley Fool recommends considering investing in high-potential stocks, highlighting the success of past recommendations like Nvidia. Stock Advisor service offers guidance for building a successful portfolio and has a strong track record of outperforming the S&P 500 since 2002.
Read more at Nasdaq: Have $500? These 2 Stocks Could Be Bargain Buys for 2024 and Beyond.