2024-01-24 03:10:25 ET
Summary
- Top tech stocks had stellar returns in 2023, with gains ranging from 55% to 243%.
- Nvidia, Palantir, and AMD are the author's top picks for 2024 due to their promising positions in the AI industry.
- The AI industry is expected to experience exceptional growth, with sales projected to reach nearly $1.85 trillion by 2030.
2023 was a magnificent year for many high-quality companies. While the S&P 500/SPX ( SP500 ) bottomed in October 2022, many top tech stocks retested the lows or bottomed around year-end. Therefore, we had stellar returns in some of our top 2023 holdings like Alphabet ( GOOG ) ( GOOGL ), Amazon ( AMZN ), Advanced Micro Devices ( AMD ), Palantir ( PLTR ), Tesla ( TSLA ), and Nvidia ( NVDA )....
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For further details see:
My Top 3 Stocks For 2024