New heights for tech stocks in 2024 – that's what history says: It's worth taking a look into the future of tech stocks

New heights for tech stocks in 2024 – that's what history says: It's worth taking a look into the future of tech stocks

The predictions for tech stocks in 2024 look promising based on a historical indicator. According to the financial portal “The Motley Fool”, the Nasdaq Composite Index, which includes some of the largest tech stocks, could experience a significant upswing. The index has already recovered about 45 percent since the end of 2022, and historical data shows that double-digit declines in the past have been followed by an average recovery of 52 percent. This leaves room for further growth opportunities.

However, it should be noted that past performance is no guarantee for the future. In this case, the widespread establishment of technologies in our daily lives could mean that an even larger recovery in the index is possible. Nevertheless, the technologies and their monetization must live up to the enthusiasm priced into them. However, it is clear that in the long term the index will most likely continue to grow and will continue to bring profits to investors with market-dominating tech giants such as Nvidia or Microsoft.

According to a report by www.boerse-online.de, the historical performance of the Nasdaq Composite Index could mean a positive outlook for tech stocks in 2024. If this trend continues, investors could benefit from further growth opportunities in the tech industry. However, it remains to be seen whether the predictions will come true and whether the technologies will be able to live up to the enthusiasm.