There is an answer for investors who fear they missed out on the big rally in technology stocks. After strong 2023 returns, Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) stock has underperformed the tech-heavy Nasdaq Composite index so far this year. Shares of Google’s parent company are up about 1% in 2024 while the index has returned nearly 7%. …
You can’t spell growth without AI these days. I’m kidding, of course, but there’s at least some truth in the tongue-in-cheek statement. AI provided a massive tailwind for the top growth stocks last year. These high-flying stocks are collectively known as the “Magnificent Seven: Google parent Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia(NASDAQ: NVDA), and …
Here are some markets, economy and stock predictions for 2024, including what would be a most unexpected outcome for the U.S. economy. First, a reminder: “The markets and the economy are not the same.” 1. AI continues to capture the world’s imagination: The biggest corporations start using artificial intelligence for real-world business purposes, including supply-chain management, distribution improvements …
Silicon Valley legend John Chambers is sold on artificial intelligence, but he sees choppy times in its near future. “Going into 2024, it will be the decade of AI in front of us, which will dwarf the size of the internet and cloud eras combined,” Chambers, who runs venture fund JC2, said in an interview …