Posted 1/9/2024, 2:22:39 PM
S&P 500 Could Surge 30% in 2024 on Booming Tech Demand, Benefiting Intel and CrowdStrike
- Tom Lee of Fundstrat predicts the S&P 500 could surge 30% in 2024, reaching 5,200 points
- Semiconductor revenue is forecasted to increase 20% in 2024, benefiting Intel stock
- Intel is poised to grow from increasing PC and AI chip demand
- The cybersecurity market is estimated to expand 14% in 2024, aiding CrowdStrike
- CrowdStrike is expanding into generative AI cybersecurity, a potential $14B market by 2032