"Nasdaq's $2 Trillion Club: The Magnificent Growth Stock to Buy in 2024"

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Source: The Motley Fool
"Nasdaq's $2 Trillion Club: The Magnificent Growth Stock to Buy in 2024"
Photo: The Motley Fool
TL;DR

Historical data and Wall Street predictions suggest that the Nasdaq-100 could surge in 2024, making it a good time to consider investing in Nvidia, a chipmaker with strong growth potential driven by AI and other market trends. With Nvidia's market cap already at $1.35 trillion, a 48% increase in stock price could propel it into the $2 trillion club, supported by its robust earnings growth and multiple growth drivers in AI, gaming, and digital twins. As the Nasdaq-100 is expected to head higher, investors may find value in buying Nvidia before its potential surge.

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