AI Stocks Set to Soar in 2024
Amazon, Alphabet, SoundHound AI, Nvidia, and others predicted to see significant growth as AI's economic impact could reach $7 trillion by decade's end.
- Artificial Intelligence (AI) stocks are predicted to soar in 2024, with Amazon and Alphabet being highlighted as key growth stocks.
- AI advancements have been credited for the Nasdaq Composite's 43% gain in 2023, with further growth expected in 2024.
- SoundHound AI and Nvidia are also predicted to see significant growth, with potential increases of 182% and 101% respectively.
- Microsoft, Snowflake, Palantir Technologies, and ASML are also identified as AI stocks to watch in 2024.
- AI's economic impact is estimated to reach $6-7 trillion by the end of the decade.
