Students of economic history will know that the rally is likely to continue in 2024. Going back as far as 1972 -- the first full year that the tech-focused index existed -- in every year following a bear market rebound, the Nasdaq has returned 19%, on average.
Furthermore, there's an argument that last year's rally was sparked by the recent advances in artificial intelligence (AI). It's still early days for generative AI, and companies are scrambling to determine how best to deploy these ground-breaking algorithms. One thing's for sure: Two companies with long histories of integrating AI into their operations are well-situated to profit. Let's look at both.
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