Posted 12/15/2023, 6:46:00 AM
Tech Giants Poised for Gains as Rate Hikes Slow, China Controls Loom
- Fed interest rate cuts expected in 2024, pointing to end of hiking cycle and potential boost for big tech growth stocks
- Amazon well-positioned as essential e-commerce infrastructure, with continued double-digit sales growth
- Apple's massive buyback program continually reduces outstanding shares, improving P/E ratio
- Nvidia recently joined $1 trillion club on AI hype, but faces uncertainty around export controls against China
- Analysts largely rate Amazon, Apple, and Nvidia stocks as "strong buys" with upside to return to all-time highs