The Nasdaq hit a new record high recently, and the good times may be far from over. History shows us that over the past 10 periods of annual market declines — dating back to the early 1970s — the index always has climbed for at least two consecutive years afterward. And on all but one occasion, the index posted a double-digit increase during its second year of gains. If this trend continues, the Nasdaq, heading for a 7.4% increase so far, is set to climb higher in 2024.
And the stocks that have led the gains and could continue leading the movement are artificial intelligence (AI) players. Investors are excited about this high-growth, high-potential technology. AI may make game-changing moves — like bringing lifesaving drugs to patients more quickly — and could save companies and individuals money and time as it completes tasks and solves problems.
That’s why right now is the…
