Posted 12/24/2023, 12:20:00 PM
Tech Giants Poised for Rebound: Alphabet and Nvidia Offer Growth at a Discount
- The Nasdaq is expected to surge in 2024 based on historical trends following bear markets
- Alphabet stock should benefit from rebounding digital advertising, cloud computing, and AI opportunities
- Alphabet trades at a discount compared to its 3-year average price/sales ratio
- Nvidia is benefiting from strong data center and AI demand, with its latest processor doubling capacity
- Despite a high nominal P/E, Nvidia has a PEG ratio under 1 indicating it's cheap for its growth prospects