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 technology stocks has a good chance of continuing in 2025.
In 2023 and 2024, the leader of the tech stock party was Nvidia. In 2025, I think Alphabet (GOOG 1.57%) (GOOGL 1.68%) will take the lead as the artificial intelligence (AI) leader. Here’s why investors should bet on Alphabet stock in 2025 and hold on for long-term gains.
Alphabet: Finally getting AI appreciation
When OpenAI’s ChatGPT…
