There's no denying the challenges investors faced in 2022, but this year is coming to a close in stark contrast to its predecessor. After shedding 35% of its value last year, the Nasdaq Composite has come roaring back, soaring 42% through late December.

There's more good news. Going back to 1972 -- the first full year the Nasdaq traded -- in every year after a market recovery, the tech-heavy index has continued its upward trend, rising 19%, on average, which suggests that 2024 will be another good year for investors.

One of the hottest exchange-traded funds (ETFs) this year has been Cathie Wood's Ark Innovation fund, generating returns of 68%. One of Ark's most eye-catching calls is that Roku stock will reach $605 by 2026, representing upside of 547% compared to its recent closing price. The bull case is even more mind-boggling, suggesting the stock could soar to $1,493, representing gains of 1,496%.

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Source Fool.com