Tech Stocks, Led by AI Innovators, to Drive Nasdaq Growth in 2024

Nvidia, Amazon, and Microsoft poised for significant gains as AI and cloud computing sectors surge.

Based on historical patterns, the Nasdaq Composite is expected to see significant growth in 2024, following a 43% increase in 2023.
Tech stocks, particularly those involved in artificial intelligence (AI) and cloud computing, are anticipated to drive this growth.
Nvidia, a leading chipmaker, is expected to benefit from the projected expansion of the AI market, which could exceed $1 trillion by 2030.
Amazon, despite challenges in 2022, has strategically returned to growth and is investing heavily in AI and its cloud platform, Amazon Web Services (AWS).
Microsoft, which outperformed the Nasdaq Composite in 2022, is also investing in AI and has exclusive access to advanced AI models through its stake in OpenAI.