A.I. enthusiasm drove up stocks this year. Here's how investors can catch the next opportunity

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It's hard for investors who sat on sidelines during the first half's rally to shake off regret. These investors say opportunities still run rampant.

No one could have guessed at the end of the worst year for stocks since 2008 that an innovation from an unassuming Microsoft -backed startup would sweep in to revitalize a once-booming growth sector. The excitement around ChatGPT has revived the downtrodden technology sector from the grave. Six months later, the promise of generative AI has boosted the Nasdaq Composite 31.7%, notching its best first half since 1983 .

mountain It will be difficult for Nvidia to replicate the triple-digit returns it achieved in the first half of 2023. Even with the stock's stellar performance, and recent entrance into the $1 trillion market cap club, investors aren't shying away just yet. Future 2023 gains may pale in comparison to the triple-digit jump to start the year, but Wall Street's consensus price target implies 8% upside from Friday's close.

 

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