Technology stocks continue to lead the market higher. Especially companies associated with artificial intelligence (AI). So far in 2024, the technology-laden Nasdaq index is up 7%, building on last year’s 43% increase. In fact, it is nearing it all-time high.
Despite the bull run, the current rally in technology stocks looks to have legs. With the U.S. economy remaining strong and interest rates likely to come down later this year, market catalysts are moving forward. The likelihood of a sustained bull market is looming. Therefore, investors should take positions now in stocks of companies that are likely to benefit from the next move upwards.
Let’s explore three such tech stocks to buy this month.
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