Tech Stocks Soar as AI, E-Commerce Fuel Market Rally in 2023
• Several tech stocks like Nvidia, Meta Platforms, and Tesla powered the Nasdaq's 40%+ gain in 2023 and were among the best performing stocks.
• Companies benefiting from AI and growth in data centers like Vertiv and Super Micro Computer were top performers.
• Strong consumer spending lifted stocks like language app Duolingo, cosmetics brand ELF Beauty, and retailers Abercrombie & Fitch.
• Housing-related stocks like M/I Homes and Builders FirstSource overcame rising mortgage rates.
• Software stocks overall climbed over 45% in 2023, with Shopify among the top gainers.