TSLA - The Nasdaq Just Notched Another All-Time High and Cathie Wood Thinks This Artificial Intelligence (AI) Stock Could Soar Another 1300%
2024-06-27 05:00:00 ET
It's only halfway through 2024, and yet the capital markets are roaring like there's no tomorrow. The Nasdaq Composite is up 19% so far this year, and reached an intraday high of 17,936 just days ago on June 20.
The Nasdaq is a tech-heavy index. Given the euphoria surrounding all things artificial intelligence (AI), tech stocks in particular have been major contributors to the Nasdaq's red-hot start to the year.
However, not all AI opportunities have fared so well. Shares in electric vehicle (EV) company Tesla (NASDAQ: TSLA) are down about 20% in 2024. Although concerns about EV demand and competition in the sector linger, one investor in particular is undeterred.
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The Nasdaq Just Notched Another All-Time High, and Cathie Wood Thinks This Artificial Intelligence (AI) Stock Could Soar Another 1,300%