Published on 17 Feb 2024 on Insider Monkey via Yahoo Finance
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The stock market in 2024 is more optimistic and forward looking than it was at the start of last year. Back then, investors were fretting about the state of the U.S. economy and the impact that high interest rates from the Federal Reserve would have on it. Yet, as 2023 demonstrated, and much to everyone's surprise, neither did the U.S. economy tip into recession and nor did the stock markets fall and wipe out wealth.
Instead, AI prevailed everywhere as NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT) and other big ticket technology names soared after OpenAI's ChatGPT convinced the world that A.I. now roams among us.