$NVIDIA Corp(NVDA)$ has joined the two-trillion dollar club after having just joined the trillion dollar club last year, as its stock price appears to be unstoppable in breaking new heights with growing popularity and increasing prevalence of AI applications amidst the artificial intelligence euphoria. With more and more companies jumping onto the AI bandwagon and businesses accelerating their AI adoption in fear of missing out on the latest technology trend in decades and falling behind their competitors, the demand for sophisticated semiconductor chips to drive the AI engines is exploding, helping the semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$ recovers from earlier slump after over-expansion at the onset of the COVID pandemic and embark on the next phase of strong semiconductor growth. With the prevailing and expanding AI proliferation, 2024 is poised to be a year of growth for the semiconductor industry.
While Nvidia has been the poster boy in the AI frenzy and the bellwether for AI demands, $Palantir Technologies Inc.(PLTR)$ and $C3.ai, Inc.(AI)$ are leading enterprise-scale A! software providers whose software platforms have become increasingly popular with the fast rising adoption of AI by governments and corporations to enable swiffer data analysis and more efficient decision making in their operations. As more businesses jump onto the AI bandwagon and with the proliferation of AI-enabled products and services, I believe that higher gains are yet to be made on Palantir and C3.ai stocks.
The retaliation to nay-sayers of a stock has been to record new all-time high, and that's exactly happening to the largest cryptocurrency asset bitcoin whose market capitalization is now ranking among the top 10 assets worldwide. With its spectacular recovery from a crypto winter not too long ago, bitcoin's momentum has been building on a slew of good news from massive bitcoin spot ETFs buying to approaching bitcoin halving event next month, despite some corrections on Friday after a bullish run-up since the bitcoin spot ETFs were launched. An alternative to buying bitcoins is investing in $Coinbase Global, Inc.(COIN)$ , as the largest listed cryptocurrency exchange would benefit from higher trading volume and custody fees it is earning from the bitcoin spot ETFs. With frenzy building on cryptocurrencies, I expect Coinbase stock prices to advance and gain new heights.
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