Tech Giants Positioned to Rebound in 2024 on AI Bets
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The Nasdaq index has historically rebounded strongly after major declines like in 2022, suggesting potential for more gains in 2024.
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Amazon made big investments into AI in 2023 that could reignite growth across its businesses like e-commerce and AWS.
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Microsoft is integrating ChatGPT across Windows and Azure, but trades at a premium valuation compared to AI peers.
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Alphabet's growth is slowing but its AI focus makes Google Cloud an attractive long-term opportunity at a discount.
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Nvidia's GPUs are critical for AI and its investments position it well across voice, robotics and more high-growth areas.