2024 has been a year of significant market shifts, with notable performers including Tesla and Palantir.

From Investing.com: 2024-12-29 05:00:00

2024 has been a year of significant market shifts, with notable performers including Tesla, whose stock soared after Elon Musk aligned with President-elect Trump. Analysts at Baird raised their target for Tesla to $480 due to strong growth prospects and regulatory dynamics. Crypto stocks like MicroStrategy and Coinbase also surged following the election.

Palantir has seen a 400% increase in its stock price this year, driven by its software solutions and growing adoption. Wedbush analysts are bullish on Palantir’s outlook, stating it could become the next Oracle in the coming decade. Nvidia has made significant gains in 2024, capitalizing on the demand for AI technology.

On the other hand, Intel has seen its stock plummet by 60% this year due to challenges in maintaining leadership in the chip market. The abrupt removal of CEO Pat Gelsinger has cast doubt on the company’s turnaround plans. Wolfe Research highlighted Intel’s lack of scale and potential difficulties in seeking help from TSMC.



Read more at Investing.com: Investing.com’s stocks of the year By Investing.com