Amazon and Intel Poised to Benefit from Nasdaq Bull Run and AI Growth
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The Nasdaq Composite index has historically climbed an average of 64% in the first two years of a bull market, suggesting it could soar in 2024.
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Amazon is using AI to improve its e-commerce operations and sell AI products and services, positioning it for earnings growth.
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Intel recently introduced new AI processors and plans to manufacture chips for others, presenting opportunities in the growing AI market.
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Other top AI stocks mentioned are Nvidia for its chip market leadership and AWS for its leading cloud services capabilities.
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The article recommends buying shares of Amazon and Intel before the Nasdaq rallies further.