Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been on a tear lately as far as its stock is concerned. That's because it has many factors going for it, including good fundamentals, investor hunger for tech companies involved in artificial intelligence (AI), and the declaration of its first-ever dividend. The company's share price has been hitting new highs lately.
Open FlipChipmaker Nvidia (NASDAQ: NVDA) has been one of the hottest growth stocks on the market, with shares more than tripling in the past year alone. But the hedge fund billionaires listed below sold down their positions in Nvidia during the fourth-quarter and reallocated some capital to two high-growth index funds, the Invesco QQQ Trust (NASDAQ: QQQ) and the iShares U.S. Technology ETF.
Open FlipOne of the best ways to build lasting wealth in the stock market is to buy the shares of strong companies with exceptional growth prospects. To help you position yourself for a lucrative 2024, here are two superior businesses that are generating handsome returns for their investors.1. AlphabetThe digital advertising market will top $870 billion by 2027, up from roughly $600 billion in 2023.
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