The Nasdaq has seen mixed results in early 2024, with AI and semiconductor stocks surging while ad-revenue-based tech firms struggle.
Leading the charge are companies like Nvidia and AMD, benefiting from increasing demand for AI processing power. On the other hand, social media giants have seen declining revenue due to changes in advertising trends.
Meanwhile, cloud computing and cybersecurity stocks have seen increased investor interest, particularly as companies invest in securing their digital infrastructures.
Historically, major Nasdaq bull runs have been driven by innovation and technological breakthroughs. The dot-com boom in the late 1990s and the FAANG stock rally in the 2010s are prime examples.
With inflation cooling, the Federal Reserve’s stance on interest rates will heavily influence tech stock movements in the coming months.
