2023 is now in the books, and it exceeded almost all expectations from an investment perspective. Coming into the year, these were the price targets for the S 500 index among some of Wall Street's top investment banks:

The index officially closed 2023 at 4,769! It marked a 26.3% return including dividends, and it was led higher by two technology giants that each logged triple-digit percentage gains for entirely different reasons.

Meta Platforms (NASDAQ: META) stock surged on the back of a spectacular earnings recovery, but Nvidia (NASDAQ: NVDA) topped the charts thanks to its data center chips designed for artificial intelligence (AI) workloads.

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Source Fool.com