From Nasdaq:

In 2023, blockchain-powered cryptocurrency saw a resurgence following a sell-off in 2022. Bitcoin, Ethereum, Cardano, and Dogecoin have all experienced significant gains, thanks to the Federal Reserve’s decision to pause interest rate hikes and SEC approval of crypto spot ETF filings. However, concerns over regulatory issues and market volatility persist.

Notable bitcoin miners Riot Platforms and Marathon Digital saw stock drops after necessary heavy investments in mining equipment, raising concerns over leverage and volatility. With fears of a 2024 recession looming, it’s essential to carefully select stocks for investment in financially resilient and stable companies, such as NVIDIA, Meta Platforms, and CrowdStrike, which have all seen strong year-to-date returns.

NVIDIA, a worldwide leader in visual computing technologies, is witnessing strong momentum in cryptocurrency, generative AI, and smart cockpit infotainment solutions. Meta Platforms has surged thanks to user growth and Llama, its generative AI initiative, while CrowdStrike is benefiting from increasing demand for cybersecurity solutions. All three companies have favorable growth scores and Zacks Ranks, making them strong investment opportunities for 2024.

CrowdStrike also recently discovered the first-ever Dero cryptojacking operation targeting Kubernetes infrastructure, underscoring the continuing need for robust cybersecurity solutions. With cloud migration and digital transformation driving the need for security and networking products, the company is expected to see ongoing market demand and solid stock performance in the coming year. If you’re looking for top-performing stocks in 2024, keep an eye on NVIDIA, Meta Platforms, and CrowdStrike.



Read more: 3 Stocks That Are Better Bets Than Cryptos in 2024