History Says the Nasdaq Will Surge in 2024: 2 Top AI Stocks to Buy Before It Does
It is impossible to predict the future, especially in the stock market, but historical patterns do suggest certain outcomes are more likely than not. For instance, analysis of trading data going back to 1971 shows the Nasdaq Composite has risen an average of 19% in the year following a market recovery year like the one that occurred in 2023. Investors looking to buy stocks in 2024 stand to benefit significantly if past trends hold.
Two semiconductor giants -- Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) -- could perform particularly well if this Nasdaq uptrend happens. That's because they are also likely to be beneficiaries of the generative artificial intelligence (AI) megatrend that gained momentum in 2023 and shows no signs of slowing. Let's take a closer look at these two stocks with historic trends providing them game-changing tailwinds.
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Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 34.95% for Advanced Micro Devices Inc. compared to the current price of 130.42 €.
