Tech Stocks Soar as AI and Cloud Computing Drive Growth
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Several individual stocks like Meta Platforms, Palo Alto Networks, Alphabet, Netflix, and Apple have crushing the S&P 500's average annual return of 10.2% since their IPOs, with returns ranging from 22.4% to 33.7%.
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Companies like Oracle, Microsoft, and Amazon are making big bets on AI and cloud computing that could drive future growth and stock price gains.
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Berkshire Hathaway has delivered a stellar 19.8% annualized return since 1965 under Warren Buffett's leadership by investing in a diverse portfolio of stocks and companies.
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Nvidia's stock price has skyrocketed thanks to surging demand for its AI and data center chips, with its data center revenue up 279% this past quarter.
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Cybersecurity provider Palo Alto Networks continues growing through investments in AI-powered solutions, with its Cortex XSIAM product already amassing $1 billion in bookings.