Overview

• Nvidia, a leading producer of high-powered semiconductors, recorded a total return of 239% in 2023, making it the best-performing stock in the Nasdaq 100.
• Despite Nvidia's success, analysts predict that CrowdStrike Holdings, Palantir, and Monday.com could outshine it in 2024.
• CrowdStrike, an AI-powered cybersecurity services provider, saw shares rally 137% in 2023 due to increasing demand for cybersecurity following a surge in notable cyberattacks.
• Palantir, known for helping U.S. intelligence officials find Osama bin Laden, has expanded into the commercial space with its artificial intelligence platform (AIP), which has shown significant productivity gains.
• Monday.com, a provider of software-as-a-service for employee collaboration and project management, has seen its annual revenue more than double over the past several years and turned GAAP positive in Q3 of 2023.