Magnificent Seven Dominate 2024: Nvidia, Tesla Lead AI-Fueled Market Surge!
Friday, Dec 27, 2024 12:21 pm ET
1min read NVIDIA Corporation (NASDAQ:NVDA) and Tesla, Inc. (NASDAQ:TSLA) have emerged as the leaders of the "Magnificent Seven" tech stocks in 2024, driving an AI-fueled market surge. As the appetite for AI continues to grow, these tech giants have seen their stocks soar, with NVDA exploding by over 175% this year and TSLA reaching record highs. Analysts predict that the impact of AI will extend into industries such as energy and software, with large-cap tech stocks expected to close their growth advantage over other sectors. Goldman Sachs forecasts that the S&P 500 (GSPC) will hit 6,500 by the end of 2025, while Bank of America projects a year-end target of 6,666 for 2025.
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