Nvidia and Alphabet Poised to Lead Nasdaq Rebound in 2024
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The Nasdaq has historically rebounded after annual declines, gaining an average of 56% over the subsequent 2 years. This suggests potential for more gains in 2024.
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Nvidia is a top AI stock, dominating the GPU market used for deep learning. Data center revenue soared 279% last quarter.
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Alphabet recently launched its powerful new AI model Gemini, which could improve Google Search and other products. It has a competitive moat with 90%+ search market share.
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Both Nvidia and Alphabet have strong track records of earnings growth over time, even during turbulent markets last year.
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If the Nasdaq surges higher in 2024 as historical patterns suggest, these two AI-driven stocks could be top performers.