The stock market is a happy hunting ground for investors so far this year, with the S 500 up 24.7% from bear market lows hit last October, driven mainly by technology stocks that have benefited from the artificial intelligence (AI) craze in 2023.

The S 500 is up 13% so far this year, the tech-laden Nasdaq-100 Technology Sector index has soared 36% over the same timeframe. The broader stock market's gains have also lifted the likes of (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS), two fast-growing companies that are set to capitalize on massive end-market opportunities.

While CrowdStrike stock has soared 36.5% so far this year, Zscaler is up 27.6%. Let's look at the reasons why these high-flying stocks are likely to sustain their upward momentum in 2023 and beyond.

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Source Fool.com