Nasdaq hits record high on tech stocks like AI, chip designers, and cloud computing players.

From Nasdaq: 2024-04-06 03:45:00

The Nasdaq Composite index hits record high in 2024, driven by tech stocks like AI, chip designers, and cloud computing players. With strong historical trends, the index could soar further this year, highlighting top AI growth stocks to consider. Amazon (NASDAQ: AMZN) benefiting from AI in e-commerce and AWS, presenting strong potential for future growth.

Intel (NASDAQ: INTC) making strides in AI with new products, positioning itself for growth in the AI market projected to exceed $1 trillion. Opening its manufacturing network and offering advanced packaging deals, Intel aims to become a major player. Trading at a discount with promising AI prospects, Intel could see a rebound and offers an attractive entry point.

Considerations before investing in Amazon: Stock Advisor’s top 10 stock picks exclude Amazon, focusing on potential high-return options. Stock Advisor service provides guidance for successful investing and has outperformed the S&P 500 since 2002. John Mackey, former Whole Foods Market CEO, sits on The Motley Fool’s board of directors, with positions in Amazon.



Read more at Nasdaq: History Says the Nasdaq Will Soar This Year: My Top Artificial Intelligence (AI) Growth Stocks to Buy Before It Does