Posted 2/20/2024, 6:45:00 PM
AI Stocks Soar in 2024, Outpacing Broader Market Since ChatGPT Release
- AI stocks in S&P 500 outperforming broader market in 2024, up 45% since ChatGPT release vs. 9% for other stocks
- Nvidia stock up 37% in 2024, will report Q4 earnings after market close Wednesday
- "Magnificent Seven" mega-cap tech stocks leading AI gains, their ETF up 8% in 2024
- Other top AI stocks seeing big 2024 gains include AMD, ServiceNow, Broadcom, Intuitive Surgical
- On Friday, AI stocks fell while broader market held steady, indicating potential for pullback