2024 stock market trends include AI, utilities, Bitcoin, metals, and big tech, with strong growth in Nvidia.

From Nasdaq: 2024-06-25 08:30:00

In 2022, the bear market gave way to a strong recovery, with the Nasdaq and S&P 500 hitting all-time highs in 2023. The current market in 2024 is a “stock picker’s market,” with key trends emerging in industries like AI, utilities, Bitcoin, metals, and big tech.

The AI and semiconductor revolution has seen Nvidia’s stock soar 150% in 2024, with earnings expected to grow by 133%. Utilities like NRG Energy are thriving due to the energy demand created by AI technologies.

Bitcoin’s performance has been boosted by the launch of the iShares Bitcoin Trust ETF, while gold and silver are serving as inflationary hedges in 2024. Big tech stocks like Apple are gaining investor favor as interest rates rise.

Investors seeking opportunities in hydrogen energy can explore Zacks’ top 3 hydrogen stocks, with projected growth in demand and strong performance histories. These stocks have significant potential for growth and future dividends.



Read more at Nasdaq: 2024 First Half Review: 5 Industry Stock Market Trends