Wall Street’s Top Nasdaq Picks for the Second Half of the Year

Are you interested in investing in the technology sector? The year 2024 has been marked by the strength of technology stocks, particularly those included in the Nasdaq 100 index. This tech-heavy index has surged approximately 19% this year, outperforming the S & P 500. The excitement surrounding artificial intelligence has driven investor sentiment and propelled the market to new highs.

At Extreme Investor Network, we are constantly monitoring the market for the next big investment opportunity. The recent performance of companies like Broadcom, Apple, and Nvidia within the Nasdaq 100 has caught our attention. Nvidia, in particular, has become the most valuable public company, surpassing even Microsoft in market capitalization.

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Drawing from CNBC Pro’s stock screener tool, we have identified Nasdaq 100 stocks that analysts believe have the potential for significant growth in the next 12 months. These stocks not only meet the criteria of having at least a 20% upside potential according to average analyst price targets but are also in the green for the year.

One of the companies that made the cut is the e-commerce giant Amazon. With a YTD gain of 20% in 2024, analysts are optimistic about Amazon’s future performance. Recent plans to enhance its voice assistant Alexa with AI features have sparked interest among investors.

Another stock to watch is Marvell Technology, which has seen a YTD increase of 21% in 2024. Analysts predict an additional 21% upside ahead for Marvell, thanks to its involvement in the AI boom. The company’s strong earnings performance and positive outlook have contributed to its position on our radar.

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In addition to Amazon and Marvell Technology, other companies like MercadoLibre, PDD Holdings, and Diamondback Energy have also shown promise according to CNBC Pro’s screen. With extensive research and analysis, Extreme Investor Network aims to provide valuable insights and investment opportunities for our readers looking to thrive in today’s market. Join us to stay ahead of the curve and maximize your investment potential.

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