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Unveiling Lucrative Technological Prospects for Discerning Investors

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The Nvidia Phenomenon (NVDA)

Nvidia logo seen on smartphone which is placed on pile of US dollar bills. Concept. Selective focus. Stocks to buy like Nvidia

Entering a shroud of mystery and prowess is the enigmatic entity, Nvidia (NASDAQ:NVDA). This chipmaker has catapulted an astonishing 80% upwards since the beginning of the year. Nvidia’s transcendent journey builds upon a remarkable 240% surge recorded in 2023. Standing tall with a market capitalization of $2.20 trillion, Nvidia now asserts its prominence as the third most valuable company globally, trailing only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL).

The market landscape seems akin to a marionette controlled by the clutches of NVDA stock. Fluctuations in this chip behemoth send ripples cascading through the greater market. When Nvidia falters, the market falters in symphony; when it surpasses earning expectations, the market rejoices in unison. Meticulously crafting chips and semiconductors that fuel AI applications, Nvidia retains an insatiable demand for its products, consequently elevating projections for its share value. Analysts wholeheartedly advocate for NVDA stock, unanimously endorsing it as a β€œstrong buy,” devoid of a single dissenting sell rating.

Embracing the Meta Marvel (META)

In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo

Emerging as a tale of wonder is Meta Platforms (NASDAQ:META), the second most auspicious tech stock of the year, occupying the illustrious fourth position among S&P 500 companies. META stock has witnessed an upsurge of 40% since the dawn of 2024, with an astronomical leap of nearly 150% over the past 12 months. Meta Platforms embarked on a vertiginous ascent following a rhapsody of resounding financial outcomes and the debut of its inaugural dividend in early February.

Showering its shareholders with a dividend bonanza of 50 cents per share commencing on March 26 this year, Meta Platforms also unveiled a grandiose $50 billion share repurchase initiative. Beyond the bounties reaped by its shareholders and the stellar financial achievements, Meta Platforms emerges as a trailblazer in AI, fervently assimilating microchips from Nvidia to fuel its burgeoning aspirations in the AI domain.

The Netflix Narrative (NFLX)

Netflix (NFLX) logo displayed on smartphone on top of pile of money.

Enshrined in the annals of prosperity is the narrative of Netflix (NASDAQ:NFLX), another stellar luminary in the technosphere. NFLX stock has soared beyond 30% this year, culminating in a twofold surge over the past 12 months. This meteoric rise follows a significant overhaul of its business model, which saw the inception of paid advertisements on its platform, intensified crackdowns on password sharing, and an incursion into the realm of sports programming.

The repercussions have been resoundingly positive, with Netflix heralding the addition of 13.1 million net subscribers in the final quarter of 2023, obliterating prognostications capped at nine million additions. Boasting not just profitability but a distinctive edge in content and subscriber growth, Netflix, in the face of Hollywood’s adversities, forges ahead undeterred, swiftly carving its domain while distancing itself from the pack.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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