The stock market is headed for another superb year in 2024. The broader benchmark S&P 500 is above 6,000 and up more than 27% this year (as of Dec. 16). High-growth tech stocks specifically in the artificial intelligence (AI) space have fueled the bull market with seemingly no end in sight as market strategists continue to lift their price targets for the S&P 500 in 2025.
The artificial intelligence (AI) industry is still in its infancy, but investors already witnessed its incredible potential to create value. Since the start of 2023, Nvidia's (NASDAQ: NVDA) market capitalization has grown from $360 billion to $3.3 trillion, almost entirely because of soaring sales of its AI data center chips. It can offer exposure to the value created by AI in a diversified manner, which can insulate investors from severe losses if some companies fail.
After the stock market's strong returns this year, it's challenging to find stocks that have fallen. Growth stocks, in particular, have had a good run. Wayfair (NYSE: W) performed well during the early days of the pandemic with high revenue growth.
The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today issued ...
PTC trades at $199 per share and has stayed right on track with the overall market, gaining 15.2% over the last six months. At the same time, the S&P 500 has returned 10.6%.
Jefferies analysts have set the S&P 500 (SNPINDEX: ^GSPC) with a 2025 target of 6,000. Indeed, Jefferies expects the Russell 2000 -- a benchmark for small-cap stocks -- to reach 2,715 by the end of 2025. Tom Lee at Fundstrat Global Advisors believes the Russell 2000 will at least double the return of the S&P 500 in the next few years.