The Nasdaq Composite has been gaining ground for more than two years now. Its rise was driven by the dawn of artificial intelligence (AI), a U.S. Presidential election, declining inflation, and the beginning of long-awaited interest-rate cuts. After jumping 43% in 2023, the tech-focused index has gained 33% in 2024, as of this writing.

Artificial intelligence (AI) has been one of the hottest trends in the technology sector over the past couple of years, and that's not surprising as this disruptive technology has been positively impacting multiple companies across several industries.

There was a “shift from putting out models to actually building products,” said Arvind Narayanan, a Princeton University computer science professor and co-author of the new book “AI Snake Oil: What Artificial Intelligence Can Do,

Several billionaire hedge fund managers bought shares of stock-split stocks Broadcom and Arista Networks during the third quarter. Broadcom is the industry leader in Ethernet networking chips and custom chips purpose-built to accelerate AI workloads.

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