Forget Nvidia in 2024: 2 Tech Stocks to Buy Instead
Tech stocks skyrocketed last year as excitement over budding industries like artificial intelligence (AI) and cloud computing rallied investors. The Nasdaq-100 Technology Sector index rose 67% throughout 2023, significantly improving from the year before when it plunged 40%. And the market has shown no signs of slowing, making 2024 an excellent time to expand your position in tech.
Nvidia was one of the biggest winners last year as it snapped up a majority market share in AI chips. Its stock is up 224% year over year, making it an attractive option for investing in AI and tech in general. However, there are other stocks with similar secular tailwinds in tech that could offer more value than the chipmaker.
So forget Nvidia in 2024. Here are two tech stocks to buy instead.
Source Fool.com
