Posted 2/21/2024, 12:45:00 PM
Microsoft and Meta Poised for Growth Despite Market Downturn Thanks to Cloud, AI Bets
- The Nasdaq has historically rebounded for a couple years after downturns, suggesting it could continue rising in 2024
- Microsoft is poised for growth thanks to its Azure cloud platform and new AI features like CoPilot
- Meta Platforms has made a strong turnaround recently and is well-positioned to capitalize on growing digital ad spending
- Meta is using AI to boost user engagement and improve ad performance across its platforms
- Both Microsoft and Meta seem like smart long-term buys even at current premium valuations given their AI potential