There's Only One Megatrend I Like More Than AI in 2024
Over the long term, randomness is smoothed out, and fundamentals often dictate a company's value. But in the short term, anything can happen in the stock market. And a big part of stock price movements can be based on external factors, such as interest rates and Fed policy, emotions like fear and greed, and which themes are in or out of favor.
In 2023, artificial intelligence (AI), which is not a new concept by any means, made a huge comeback and caught investor enthusiasm. It's a trend that could continue generating rewards for a long time, especially because it opens the door to new growth opportunities for existing companies with a lot of cash to spend.
But I like one trend even more than AI in 2024: the energy transition. Here's why it has room to run, along with three exchange-traded funds (ETFs) worth considering.
Source Fool.com
