Posted 1/2/2024, 1:00:00 PM
Tech Stocks Poised to Extend Gains in 2024 as AI Drives Nasdaq Higher
- The Nasdaq stock index surged in 2023 and may rise further in 2024 as the economy recovers, benefiting tech stocks
- Artificial intelligence (AI) was the hottest investment theme in 2023 and will remain a major trend in 2024
- Advanced Micro Devices (AMD) is poised to capitalize on growing demand for AI infrastructure with its new MI300 chips and robust software ecosystem
- Super Micro Computer saw surging demand for its servers optimized for AI, especially those integrated with Nvidia’s latest H100 chips
- Super Micro's modular and configurable servers help customers cost-effectively scale for AI workloads and its liquid cooling technology brings data center efficiency