NVDA - Nvidia Led the Market Higher in the First Half of 2024 but Another Magnificent Seven Stock Is Poised to Power the Market in the Second Half
2024-07-01 05:45:00 ET
The first half of 2024 has been a strong one for the stock market, and the clear leader driving that growth has been Nvidia (NASDAQ: NVDA) . The stock of the chipmaker has been on a meteoric rise over the past five years and that momentum continued into the first half of 2024 with the stock up over 150%.
With the first half of the year now behind us, though, it is time to look for a stock that can potentially help power the market higher in the second half. One candidate is Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) .
The biggest trend in the market in the first half of 2024 was clearly artificial intelligence (AI) . Not long ago considered a nascent technology, AI certainly hit the mainstream early this year with numerous tech companies beginning to offer AI-powered features in their products.
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Nvidia Led the Market Higher in the First Half of 2024, but Another "Magnificent Seven" Stock Is Poised to Power the Market in the Second Half