Should You Buy the 3 Best Nasdaq 100 Stocks So Far in 2024?

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The top Nasdaq 100 stocks all have one thing in common: artificial intelligence pushed them to new heights. Nvidia (NVDA): The premier AI chipmaker needs no introduction and it is not surprising to ...

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href=https://investorplace.com/2024/07/should-you-buy-the-3-best-nasdaq-100-stocks-so-far-in-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The top Nasdaq 100 stocks all have one thing in common: artificial intelligence pushed them to new heights.\nNvidia (NVDA): The premier AI chipmaker needs no introduction and it is not surprising to ...</p>\n\n<a href=\"https://investorplace.com/2024/07/should-you-buy-the-3-best-nasdaq-100-stocks-so-far-in-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0109392836.USD","symbol_name":"富兰克林科技股A","start_time":0,"source_url":"https://investorplace.com/2024/07/should-you-buy-the-3-best-nasdaq-100-stocks-so-far-in-2024/","article_id":"2453068993","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453068993","pubTimestamp":1721754556,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"The top Nasdaq 100 stocks carried the index higher and further than its peers, but is under pressure as traders rotate away from tech stocks.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC 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ACC","BK4566":"资本集团","QLD":"纳指两倍做多ETF","BK4535":"淡马锡持仓"},"translate_title":"您应该在2024年购买迄今为止最好的3只纳斯达克100股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NVDA":1,"CEG":1,"ARM":0.9,"CSTA.U":0.9,"INTC":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"AMD":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"The top Nasdaq 100 stocks all have one thing in common: artificial intelligence pushed them to new heights.\nNvidia (NVDA): The premier AI chipmaker needs no introduction and it is not surprising to see it as the top Nasdaq 100 stock.\nArm Holdings (ARM): AI demand by data centers opened up new channels fo growth for the chip architecture designer.\nConstellation Energy (CEG): A utility stock amongst the best Nasdaq 100 stocks is not as surprising as it seems considering the energy demands of data centers.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nArtificial intelligence has been the primary force behind the gains made by the Nasdaq exchange in 2024. While the S&P 500 had risen 16% by July 4, and the Dow Jones Industrial Average was only 4% higher, the Nasdaq 100 soared 20% for the year.\nThis was before stock traders began cycling away from growth names, which caused top Nasdaq 100 stocks to pull back from their peak. Since the index is laden with technology stocks, which were the primary growth driver—though not the only one—it has fallen further than the others.\nThis does not mean the top Nasdaq 100 stocks are not still serious investments to consider buying. Below are the top three stocks on the index so far, which should also be on your radar for the rest of the year.\nNvidia (NVDA)\nSource: Tada Images / Shutterstock.comNo surprise here, Nvidia (NASDAQ:NVDA) is the best-performing Nasdaq 100 stock so far this year. Shares are up 147% year-to-date on the demand for its artificial intelligence chips.\nNvidia, of course, is the premier AI chipmaker. Its older generate accelerators became the standard for data centers that needed the complex computing power they offered in graphics-intensive video gaming. The fact that they were perfectly up to the task of performing advanced algorithmic calculations made them essential for AI.\nWhat set Nvidia apart from the competition early on was it immediately began innovating and building upon what was already successful. It also developed a comprehensive software suite that accompanied its chip, and has continued to do that since. So while Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) are building competing chips, Nvidia is already releasing next-generation AI accelerators and planning for what comes after that.\nIt seems hard to imagine the competition ever catching up at this point as Nvidia runs away from the field. Not that the market isn’t big enough for several winners but NVDA is the top Nasdaq 100 stock for a reason.\nArm Holdings (ARM)\nSource: Poetra.RH / Shutterstock.comArm Holdings (NASDAQ:ARM) is approaching the first anniversary of its initial public offering and the stock is up 227% since then. It priced the IPO at $51 a share, opened for trading at $56 and closed its first day at of $63 per share, and has not looked back. \nThe stock goes for $167 today and is up 122% year-to-date, good enough to be the second top Nasdaq 100 stock. Yet, it is also down 10% from its recent peak as the market rotated out of previous leading growth stocks.\nWhile AI is the primary factor driving ARM stock higher, the chip architecture developer only tangentially benefits from the technology. Because it doesn’t make semiconductors itself, it profits from the licensing of the intellectual property underlying its designs. Arm’s architecture is used by chipmakers and technology companies to design their own chips and CPUs.\nIncreasingly, Arm’s architecture is migrating away from the smartphone market where it owns a 99% share. Instead, it is entering into the data center market and revenue is soaring.\nThe stock market was underwhelmed by its second-quarter guidance. Yet, you can expect its financial report due at the end of the month to surprise Wall Street. It will set off a new round of growth.\nConstellation Energy (CEG)\nSource: petrmalinak / ShutterstockConsidering most stocks in the Nasdaq 100 are technology stocks, finding a utility amongst them is surprising. That Constellation Energy (NASDAQ:CEG) is also the third-best-performing stock is even more so. \nYet like the chipmakers, Constellation Energy stock is being driven higher by artificial intelligence. Because of the sizeable and growing power needs of data centers, utility stocks generally, and the nuclear power provider specifically, have pushed shares 68% higher in 2024. They have doubled over the past year.\nBut CEG stock is also down 18% from its all-time high as the rotation out of previous high fliers continues. It is not just reserved for tech names. That does not mean Constellation is not still a buy. AI demand isn’t easing up, hyperscalers are building more data centers, and nuclear energy is a cheap form of electricity. Consider this pullback the pause that refreshes before the utility goes on to new highs.\nOn the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly orindirectly) any positions in the securities mentioned in this article.\nRich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.Growth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/should-you-buy-the-3-best-nasdaq-100-stocks-so-far-in-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453068993"}