From NASDAQ.:



The article discusses the market turbulence of 2022, highlighting the rebound of the Nasdaq Composite by 43% and the potential for further upside. It attributes this rally to the influence of companies involved in artificial intelligence, particularly the “Magnificent Seven.” Microsoft, in particular, has made significant investments in AI, leading to the integration of AI capabilities into its flagship products. The article also mentions Microsoft’s success in the cloud infrastructure industry and its potential revenue growth from AI. Additionally, it discusses the growth potential in Microsoft’s personal computing segment and SaaS offerings. The article concludes by noting Microsoft’s reasonable valuation and its consistent performance, making it a worthy investment. It provides details on the Motley Fool Stock Advisor’s identified top stocks which could produce substantial returns in the coming years, and it mentions that Microsoft is not included in their picks. The article also includes a disclaimer about the views and opinions expressed.



Original: History Says the Nasdaq Will Soar in 2024: 1 “Magnificent Seven” Stock to Buy Before It Does