History Says the Nasdaq Will Surge in 2025: 1 AI Stock to Buy Before It Does (Hint: It's Not Nvidia)
Nasdaq(NDAQ) The Motley Fool·2024-12-24 10:20
The market has gone into overdrive in 2024. Technology stocks especially so. After posting a 55% total return in 2023, the Nasdaq-100 index followed up with 27.5% total returns so far in 2024 (as of this writing). These are two of the strongest years in the index's history. Counterintuitively, momentum in the Nasdaq index typically begets more momentum. Historically, every time the Nasdaq produces 30% returns in a year, the following year sees gains of at least 19%, indicating that the momentum in technolog ...