From Nasdaq: 2024-09-18 14:15:00

The U.S. stock market thrives on technology and innovation, with disruptive companies like META, GOOGL, and AMZN leading the way. The space industry, valued at $630 billion in 2023, is set to skyrocket to $1.8 trillion by 2035, making it a lucrative sector for investors to watch. Defense spending is on the rise, benefitting companies like LMT.

AI stocks are on the rise, with advancements in the semiconductor industry leading to breakthroughs in areas like chatbots, data centers, and robots. OpenAI, VRT, and TSLA are making waves in this industry, promising significant growth potential. As the tech industry continues to evolve, focusing on megatrends in AI and space over the next decade is crucial.

Zacks names #1 semiconductor stock that is positioned for exponential growth. With earnings growth and an expanding customer base, this stock is projected to capitalize on the increasing demand for AI, machine learning, and IoT. Global semiconductor manufacturing is projected to reach $803 billion by 2028, making this stock a solid investment opportunity.



Read more at Nasdaq: AI & Space Stocks: Two Megatrends to Ride Over the Next Decade