From Financial Modeling Prep: 2024-12-19 01:56:45

In 2023-2024, AI narratives drove global AI stocks to deliver 16.5% returns, outpacing the MSCI ACWI Index’s 6%. Hyperscalers and semiconductor companies saw the most gains.

Software stocks are surging due to advancements like generative AI co-pilots and Agent AIs. Barclays predicts higher EPS growth driven by new AI functionalities.

Emerging AI applications offer productivity gains and new revenue streams, boosting tech sector valuations. Analysts view AI monetization as a key driver for sustained growth.

Market data APIs track sector performance and biggest gainers, providing insights into technology and infrastructure stocks amid market stimulus.

The shift to AI in tech stocks coincides with economic uncertainties like Federal Reserve rate cuts and falling oil prices. The Nasdaq 100 fell 0.4% on Tuesday, reflecting caution ahead of central bank decisions.



Read more at Financial Modeling Prep:: AI Monetization: The Growth Engine for Tech Stocks in 2025