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‘There's More Upside Ahead': Daniel Ives Suggests 2 Tech Giants to Buy for the Second Half of 2024 [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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The pace has picked up speed in recent decades, as the world turned digital, and now AI is powering a so-called fourth industrial revolution, based on a rapid exchange of data and information. Against this backdrop, tech stocks have led the way in market gains. The tech-heavy NASDAQ rose an impressive 43% last year, and the S&P 500 rose 24%. Both indexes are continuing to post strong numbers this year; for 2024 year-to-date, they are up 24% and 17% respectively. This has Wedbush analyst and tech expert Daniel Ives bullish on tech stocks, noting: “The first half of 2024 has been a very strong run for tech stocks led by Big Tech stalwarts Nvidia, Microsoft, Amazon, Meta as this 4th Industrial Revolution has just begun to play out in our view in this 1995 Moment (not 1999) with many bears still yelling from their hibernation caves… We believe NASDAQ has another strong 2H ahead as tech stocks will be up 15% the rest of 2024 in our view with tech fundamentals set to accelerate as AI us
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