2 AI Stocks to Buy Before the Nasdaq Composite Surges in 2024 | The Motley Fool
The Nasdaq Composite posted a return of 43.4% in 2023, driven in part by the impressive performance of AI-powered technology stocks.
AI technologies are becoming increasingly integral in various sectors and are expected to remain relevant for the next decade, potentially leading to another surge in AI stocks and the Nasdaq Composite in 2024. [ more ]
These 2 "Magnificent Seven" Artificial Intelligence (AI) Stocks Are Surprisingly Cheap | The Motley Fool
Technology stocks referred to as the 'Magnificent Seven' have been driving the market with strong earnings track records and AI focus.
Alphabet, one of the 'Magnificent Seven' companies, continues to dominate the search market and is leveraging AI to improve search experiences for users and advertisers. [ more ]
Here's Why the Cheapest "Magnificent Seven" Stock Is a Screaming Buy Right Now | The Motley Fool
The Magnificent Seven, a collection of large technology stocks, have stumbled in the early stages of 2024 with only four outperforming the S&P 500 index so far.
Alphabet's stock is the cheapest among the Magnificent Seven based on the traditional P/E ratio valuation metric, presenting a long-term buying opportunity. [ more ]
Prediction: Alphabet Stock Will Take Off Again... and Here's Why. | The Motley Fool
Alphabet stock has underperformed the tech-heavy Nasdaq Composite index in 2024, but its diverse businesses like online search, YouTube, and cloud computing could drive future growth.
Alphabet's cloud segment is growing, with Google Cloud contributing nearly 11% of sales in 2023 compared to 4.3% in 2018, indicating a positive trend for the company. [ more ]