A Nasdaq Bull Market Is Here: 3 High-Flying Stocks to Buy Now – The Motley Fool
These big AI winners have more room to run.
A new bull market for the Nasdaq Composite Index has been in sight for several months. The wait is over. In May, the index finally gained more than 20% from its previous bottom, meeting the commonly accepted definition of a bull market.
There have been plenty of winners, with over one-third of the Nasdaq 100 stocks jumping by at least 20% so far this year. Some of them should have even more room to run. Here are three high-flying stocks to buy now.
1. Alphabet
Shares of Google parent Alphabet (GOOG 0.69%) (GOOGL 0.77%) have soared close to 40% year to date. The primary catalyst behind this impressive gain can be summed up in two words: artificial intelligence (AI).
After OpenAI’s ChatGPT generative AI chatbot practically became an overnight sensation, some worried that Alphabet could be left behind. Those concerns were premature. The tech giant roared back by rolling out multiple new AI products of its own.
What about predictions that AI…
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