According to data from CNBC going back to 1980, the Nasdaq and other benchmark indexes have historically risen in the months following a presidential election. This trend has continued in 2024, with the tech-heavy index up by around 10% since Donald Trump’s win on Nov. 5. A new administration can mean less political uncertainty, making many market participants more comfortable holding assets in general.
There is no guarantee that the Nasdaq’s momentum will continue in 2025. But as Wall Street continues to pour money into AI tech, Advanced Micro Devices (AMD 0.28%) and Amazon (AMZN 0.73%) are two stocks could ride the wave into another year of stellar growth. Let’s dig deeper.
1. Advanced Micro Devices
With shares down 13% this year, AMD is a chipmaker that somehow missed out on much of the generative AI rally despite being a big player in the hardware side of the opportunity. The…
