HPQ - These 3 Tech Stocks Could Outperform the S&P 500 in 2024
2023-12-30 06:18:00 ET
Many tech stocks stumbled in 2022 as rising interest rates and other macro headwinds rattled the markets. However, many of those stocks also bounced back in 2023 in anticipation of lower rates and a stabilizing macro environment.
That bullishness should persist in 2024 as the PC market recovers, the smartphone market stabilizes, and the artificial intelligence (AI) market expands. I personally believe Intel (NASDAQ: INTC) , HP (NYSE: HPQ) , and Micron (NASDAQ: MU) will all be lifted higher by those tailwinds and outperform the S&P 500 over the next 12 months.
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These 3 Tech Stocks Could Outperform the S&P 500 in 2024