Reported over 1 year ago
The stock market in 2024 is heavily influenced by the theme of Artificial Intelligence (AI), with the tech sector leading the market's performance. Tech stocks have outperformed the S&P 500 significantly, with a 100% increase since 2023, driven by companies like Nvidia, Microsoft, Apple, Broadcom, and AMD benefiting from AI advancements. Earnings growth of tech companies surpasses the market average, with strong balance sheets and high-profit margins contributing to their success. Despite potential risks such as regulatory changes or Fed actions, investment enthusiasm in AI continues to drive the market with Wall Street banks raising price targets for the S&P 500.
Source: YAHOO