Posted 12/14/2023, 3:26:00 PM
Tech Stocks Poised for Gains in 2024 on PC and AI Chip Demand
- S&P 500 and Nasdaq indexes have seen strong gains recently and analysts expect further growth in 2024
- PC sales are expected to increase in 2024 thanks to Windows 10 refresh cycle and rising demand for AI-enabled PCs
- AMD well-positioned to benefit from PC and AI chip growth with new Ryzen and MI300X processors
- SoundHound AI stock could jump 140% in next 12 months according to analysts' price targets
- SoundHound expects 50% revenue growth in 2023 and 2024 based on $342 million bookings backlog