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2 stocks to turn $100 into $1,000 in Q4 2024
The post 2 stocks to turn $100 into $1,000 in Q4 2024 appeared on BitcoinEthereumNews.com. As the third quarter of 2024 unfolds, investors are looking for opportunities that will likely yield significant profits in the coming months. The stock market offers these opportunities due to the wide range of available equities. Some stocks have shown significant growth and will likely deliver profits in the year’s final quarter. In this context, the following are two stocks that could turn a modest investment of $100 into $1,000 for Q4 2024. Nvidia (NASDAQ: NVDA) Nvidia (NASDAQ: NVDA) has been at the forefront of the artificial intelligence (AI) revolution, with its graphics processing units (GPUs) being the backbone of several applications. According to analysts’ estimates, the company is expected to deliver robust Q2 2024 results, with earnings and revenue likely to be more than analysts over the year. This strong performance has led many analysts to maintain a ‘buy’ rating for the stock, with some targeting a potential high of $150 post-earnings. Indeed, the company retains bullish sentiment despite the immense pressure to meet high market expectations, especially after a recent market pullback that saw NVDA’s stock price dip significantly. Despite these concerns, Nvidia’s long-term prospects remain bright. The company’s leadership in AI and its dominant position in the semiconductor market make it a strong contender for continued growth. If Nvidia can deliver on its earnings and maintain its momentum, the stock could see significant gains by the end of the year. At the time of reporting, Nvidia was trading at $129 with year-to-date gains of about 170%. NVDA YTD price chart. Source: Finbold Palantir (NYSE: PLTR) While Nvidia grabs headlines, Palantir (NYSE: PLTR) is quietly positioning itself as a critical player in the AI space. The company, known for its data analytics platforms, has been making significant strides in commercializing its AI capabilities. Palantir’s Artificial Intelligence Platform (AIP)…
The post 2 stocks to turn $100 into $1,000 in Q4 2024 appeared on BitcoinEthereumNews.com.
As the third quarter of 2024 unfolds, investors are looking for opportunities that will likely yield significant profits in the coming months. The stock market offers these opportunities due to the wide range of available equities. Some stocks have shown significant growth and will likely deliver profits in the year’s final quarter. In this context, the following are two stocks that could turn a modest investment of $100 into $1,000 for Q4 2024. Nvidia (NASDAQ: NVDA) Nvidia (NASDAQ: NVDA) has been at the forefront of the artificial intelligence (AI) revolution, with its graphics processing units (GPUs) being the backbone of several applications. According to analysts’ estimates, the company is expected to deliver robust Q2 2024 results, with earnings and revenue likely to be more than analysts over the year. This strong performance has led many analysts to maintain a ‘buy’ rating for the stock, with some targeting a potential high of $150 post-earnings. Indeed, the company retains bullish sentiment despite the immense pressure to meet high market expectations, especially after a recent market pullback that saw NVDA’s stock price dip significantly. Despite these concerns, Nvidia’s long-term prospects remain bright. The company’s leadership in AI and its dominant position in the semiconductor market make it a strong contender for continued growth. If Nvidia can deliver on its earnings and maintain its momentum, the stock could see significant gains by the end of the year. At the time of reporting, Nvidia was trading at $129 with year-to-date gains of about 170%. NVDA YTD price chart. Source: Finbold Palantir (NYSE: PLTR) While Nvidia grabs headlines, Palantir (NYSE: PLTR) is quietly positioning itself as a critical player in the AI space. The company, known for its data analytics platforms, has been making significant strides in commercializing its AI capabilities. Palantir’s Artificial Intelligence Platform (AIP)…
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