Three tech giants stand out as strong investment candidates this month: NVIDIA, Amazon, and Microsoft. These companies lead the Magnificent Seven with impressive growth numbers. NVIDIA tops the charts with a 194.6% year-to-date gain. Amazon follows at 33.5%, while Microsoft shows reliable growth at 10.5%. When looking at stocks to buy in December 2024, these companies back their potential with solid earnings.
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Explore Top Stocks to Buy in December 2024: NVIDIA, Amazon, Microsoft
Source: Watcher Guru
1. NVIDIA’s AI Dominance Drives Growth
NVIDIA’s stock shows strong momentum. It’s up 3.5% and keeps climbing for three straight days. Third-quarter results beat market expectations. The company earned $0.81 per share and brought in $35.08 billion in sales. High demand for AI chips puts NVIDIA among the top stocks to buy in December 2024.
2. Amazon Reaches New Heights
Amazon’s stock broke past $201.20 and hit new records with a 2.2% rise. Third-quarter numbers impressed investors. The company earned $1.43 per share and recorded $158.9 billion in sales. Its cloud services and AI platform Amazon Bedrock keep pushing growth forward.
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3. Microsoft’s Cloud and AI Synergy
Microsoft’s stock gains reflect its cloud computing success. First-quarter results show earnings of $3.30 per share on $65.6 billion in sales. This marks a 16% growth from last year. AI features across products, especially in Azure, boost investor trust.
AI and cloud computing power these stocks’ market success. Investors checking out Microsoft stock, Amazon stock, or NVIDIA stock can see strong core businesses. Their tech advances make them attractive investments for the coming year. Market trends show growing demand for AI solutions and cloud services, strengthening these companies’ positions as industry leaders.
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