Big tech has long been an immensely popular area to invest in when it comes to US stocks, and for good reason. Tech stocks, particularly those investing in AI and offering AI products, have been generating immense returns in 2024, with the second week of September bearing witness to their immense potential. This week, the S&P 500 and the Nasdaq Composite posted their best returns for the entire year, and many tech stocks were part of the faction that made this possible. As a result, there's a huge rise in the popularity of AI and tech stocks. This is in stark contrast to market opinions on AI stocks, particularly during the first week of September, when many were very concerned that we are in an AI hypecycle that is bound to wind down soon.
Fatima Farooq is a financial journalist who focuses on providing insights and analysis on stock market trends and investment opportunities. She has written for publications such as Insider Monkey, Yahoo Finance France, and Yahoo Sports UK, covering topics ranging from virtual reality stocks to healthcare and oil industry investments. Her articles aim to provide readers with valuable information to make informed investment decisions.