This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.

Artificial intelligence continued to be a driving force behind stock market returns in 2024. Here are some of the stocks that have benefited the most.

The early 2024 enthusiasm for Micron Technology (NASDAQ: MU) had some real truth to it. Micron makes both DRAM memory and NAND flash storage, but DRAM makes up the majority of its revenue, at 73%. With the rise of artificial intelligence,

Three companies currently boast a market cap over $3 trillion, and I think one of them will reach the $4 trillion mark sooner than later.

This has turned out to be a forgettable year for Qorvo (NASDAQ: QRVO) investors as shares of the chipmaker are down 38% as of this writing, which is in stark contrast to the 23% gains clocked by the PHLX Semiconductor Sector index in 2024.

Rather than focusing on quarterly earnings beats or temporary market sentiment, my investment strategy centers on identifying companies that can compound value over many years or even decades. While many view the current AI boom skeptically,

The S&P 500 (\^GSPC 0.99%) is home to 500 companies from 11 different sectors of the economy, making it the most diversified of the major U.S. stock market indexes. But the S&P is