From Nasdaq:

The Nasdaq Composite gained 43% in 2023 and investor confidence in its continued rally is growing. Expectations about interest rate cuts should also push up the Nasdaq in 2024. Microsoft and Advanced Micro Devices are best suited for retail investors. Microsoft has a massive presence in cloud computing and AI tech, making it a strong contender for 2024 gains. Azure accounted for a 25% share of global spending on cloud infrastructure services in the third quarter with its recent investments in AI. AMD’s server processors have captured over a 50% share in the North American market and are poised for growth as more enterprise partners expand use of their products. AMD has launched the MI300 family of chips optimized for AI workloads to meet long term demand which is expected to exceed $400 billion by 2027. Their strategic acquisitions such as Mipsology and Nod.ai further enhance their AI software and solidify AMD’s position in the market. Microsoft and AMD look to be top growth stocks to welcome in 2024.



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