From Nasdaq: 2024-05-15 08:50:00

The Nasdaq Composite had a strong performance in 2023 and into the first quarter of 2024. Despite concerns over inflation, the index hit a new record high on May 14 at 16,511.18 points, up 10% year to date after a 43.4% jump in 2023.

The Nasdaq rally in 2024 is fueled by optimism around artificial intelligence and generative AI. The development of smart devices is also boosting AI growth. The Federal Reserve’s comments on interest rates have been positive for tech stocks.

Investing in Nasdaq stocks like Netflix, Alphabet, NVIDIA, and Super Micro Computer could yield good returns in 2024. These companies have seen growth in earnings and have strong potential. AI, cloud computing, and semiconductor industries are driving their success.



Read more at Nasdaq: 4 Top Stocks to Tap Nasdaq’s New All-Time High