"Top AI Stocks to Multiply Investments in the Upcoming Bull Market"

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Source: The Motley Fool
"Top AI Stocks to Multiply Investments in the Upcoming Bull Market"
Photo: The Motley Fool
TL;DR Summary

Analysts predict that the stock market will continue to rise in 2024, with the S&P 500 potentially jumping 13% and the Nasdaq-100 Technology Sector index delivering strong gains. Two stocks to consider for potential gains in 2024 are Advanced Micro Devices (AMD) and SoundHound AI. AMD's stock has already doubled in 2023, driven by the resurgence in the PC market and the company's AI chips. With the expected growth in PC sales and the increasing demand for AI-powered PCs, AMD is well-positioned to benefit. SoundHound AI is also anticipated to perform well in 2024, with a solid revenue pipeline and a projected 50% spike in revenue for 2023. The stock is currently undervalued and offers potential upside.

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