From Nasdaq Inc.:

The Nasdaq 100 surged 54% last year, now up 4% in 2024. Analyst Dan Ives believes it’s akin to the dot-com boom, with Nvidia up 41% and Meta Platforms up 33%. This drives the idea that we’re on the brink of a boom in AI technology, which luminaries in the tech industry say could be the most revolutionary technology in decades. Furthermore, analysts struggle to keep up with the soaring growth of companies like Nvidia, whose revenue and profits have soared despite a shortage of products. This offers ample evidence to suggest that the AI boom is just getting started. In a similar vein to earlier tech trends, Nvidia and Microsoft are pegged as the top stocks to buy for the AI revolution, given their standout performance and widespread footprint in the industry. This marks them as poised for significant growth and market dominance as the AI boom unfolds. Meanwhile, Super Micro Computer is another company that’s expected to thrive during this AI boom, benefiting from the high demand for its server and storage equipment. So, according to analysts, it seems there are ample opportunities for investors to cash in on the AI boom, and the pickings are ripe for the taking.



Read more: This Top Tech Analyst Says It’s 1995 Again: 3 AI Stocks to Buy If He’s Right