History Says the Nasdaq Can Continue to Rise in 2024: 2 Monster Artificial Intelligence (AI) Stocks to Buy Right Now
It's been a rocky road for the Nasdaq Composite over the past few years. But after slumping 33% in 2022, it soared 43% last year, and this bullish trend has persisted into early 2024.
Interestingly, the Nasdaq has demonstrated a solid ability to rebound for at least a couple of years after downturns. For example, after declining nearly 32% in 2002, the Nasdaq jumped about 50% and 9% respectively in 2003 and 2004. And, after crashing by almost 41% in 2008, the technology-heavy index posted hefty returns of around 44% and 17% respectively in 2009 and 2010.
With this pattern in mind, there's good reason to expect decent performance from the Nasdaq in 2024. And with artificial intelligence (AI) emerging as a major investment theme, this trend could well continue. Against this backdrop, here's why Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META) are smart buys now.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 107 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 4.5% for Microsoft Corp. compared to the current price of 405.75 €.
