Top 5 Nasdaq-100 stocks in 2024 were driven by AI innovation and Bitcoin, with potential for growth.

From Nasdaq: 2025-01-09 09:43:00

In 2024, tech stocks, including Nvidia and Palantir Technologies, boosted the S&P 500, with the Nasdaq-100 just edging ahead with a 25.9% gain compared to the S&P 500’s 25%. While some tech stocks soared, 34 lost value during the year.

The Nasdaq-100’s top five stocks in 2024 were AppLovin, MicroStrategy, Palantir Technologies, Nvidia, and Axon Enterprise. These gains were largely driven by AI innovation and Bitcoin’s rise, with Axon standing out for its law enforcement safety gear.

Looking ahead, AI stocks like AppLovin and Axon are expected to continue innovating, while MicroStrategy’s performance may be tied to Bitcoin’s volatility. Both AppLovin and Axon positively impacted the index’s overall gain after recently joining.

Investors are being advised not to miss out on potential lucrative opportunities, as expert analysts issue “Double Down” stock recommendations for companies on the verge of growth. Historical data shows significant returns for early investors in companies like Nvidia, Apple, and Netflix.

The Motley Fool recommends AppLovin, Axon Enterprise, Bitcoin, Nvidia, and Palantir Technologies, highlighting the potential for growth in these AI and tech-based companies. Make informed investment decisions to capitalize on emerging opportunities.



Read more at Nasdaq: These Were the 5 Top-Performing Stocks in the Nasdaq-100 in 2024