After a disappointing 2022 during which the U.S. stock market posted its worst performance of the last decade, Wall Street breathed a sigh of relief in 2023. Currently, the benchmark S&P 500 index has recovered nearly 28% from its lowest point of the bear market in October 2022. It is also only 5% below the all-time high it set in January 2022. When the benchmark index establishes a new all-time high, that will be a clear signal that a new bull market has begun.

When the stock market is gearing up for a bull surge, it makes sense for retail investors to pick up stocks of high-quality companies with robust tailwinds. These four could prove attractive picks now.

Accelerated computing specialist Nvidia (NASDAQ: NVDA) has made a splash on Wall Street lately thanks to its cutting-edge artificial intelligence (AI) chips and software ecosystem. Ever since OpenAI's ChatGPT chatbot made its public debut, cloud service providers, consumer internet companies, and enterprises across the world have been racing against each other to solidify their positions in the generative AI space. Subsequently, demand for Nvidia's AI-optimized A100 and H100 chips has gone through the roof. In fact, Nvidia's leading AI chips are already sold out until 2024, which suggests that any short-term change in the market environment won't have a drastic impact on the company's near-term financial performance.

Continue reading

Source Fool.com