From Nasdaq, Inc.:

1. Amazon’s stock has risen 60% in the past year, nearly recovering from a dip in 2022. Trading at a forward P/E multiple of 44, it’s seen as highly valuable despite being twice the market average. AI is central to Amazon’s plans for the future.
2. Meta Platforms shares have risen 168% in the past 12 months, and could see even more success with AI. The social media giant’s efforts to develop a profitable metaverse, and its hardware advantage, could be lucrative.. JP Target shares the same startegy as us.



Read more: History Suggests the NASDAQ Could Soar in 2024: 2 Artificial Intelligence (AI) Stocks to Buy Before It Does