Nasdaq Rebound and AI Growth Fuel Optimism for Tech Giants Alphabet and Amazon
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After a 35% drop in 2022, the Nasdaq has rebounded 44% in 2023 and historically tends to rally after bear markets, suggesting further upside.
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There is strong evidence the current rally is fueled by renewed interest in AI, with huge growth potential.
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Alphabet dominates search and digital ads, is growing rapidly in cloud, and is integrating AI across its products - all while being historically cheap.
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Amazon leads e-commerce and cloud computing, is growing in digital ads, and is providing AI tools to improve all its businesses - also at a historic discount.
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Experts estimate $6T to $14T in new AI spending by 2030, so now is the time to buy Alphabet and Amazon before the Nasdaq's expected 2024 surge.