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S&P Record Highs – Stock with Potential


S&P Record Highs – Stock with Potential

The S&P 500 has recorded its highest levels ever, thanks mainly to tech stock that is still booming. Nvidia stock is up 219%, and AMD is up 140% over the last twelve months. AI-linked stocks are still surfing the tech boom wave. To keep the investment edge in the AI field, looking for AI stock that uses artificial intelligence to improve products and services like chipmakers, software companies, cloud computing service providers, and tech giants, including AI tools in applications, is prudent. The “magnificent 7” tech stocks are still dominating and hugely influence the market cap-weighted Nasdaq and S&P 500 indexes.

Experts are saying that the best companies to invest in should be banks. Investing in bank stock is the latest trend. There is a sweet spot that banks are expected to be in during the next three months. They pay good dividends, and their stock have massive potential. They might not be as popular as Tech, but they are stable, backed by governments, and often very secure.

Interest rates are expected to go down throughout the year, and bank stocks are well-positioned for investors. The ECB kept interest rates the same, which saw a 0.4% increase in the pan-European Stoxx 600.

Maintaining a diversified investment portfolio is still the best way to mitigate losses with the current global market uncertainty. In volatile markets, seek the advice of a financial advisor before making any investment decisions.

The above is for educational purposes only and does not constitute advice. You should always contact your advisor for a personal consultation.

*No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.

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