AI Boom and Busts, Slowing Economy, Tech Exodus from California amongst 2024 Predictions
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AI companies will continue to grow in importance, but many smaller AI stocks will crash after failing to deliver on promises.
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The US economy will grow about 2% in the first half of 2024, but contract 2% in the fourth quarter.
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At least 5 big tech companies worth over $50 billion will announce moving their headquarters from California to Texas.
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Inflation will remain around 3-4%, but the Fed won't cut rates, leading to a lackluster year for stocks.
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Bitcoin will pull back 15-20% before its "halving" event in April, then rebound through the summer before ending the year around $42,733.