3 Gravity-Defying Stocks Poised to Test New All-Times Highs in 2024

investing.com:

In recent days, the bullish momentum on Wall Street has sustained, marked by the Nasdaq hitting new all-time highs, and a similar breakthrough for the S&P 500 is imminent.

The Federal Reserve's latest meeting, further fueled optimism with its dovish tone. Despite keeping interest rates unchanged, the statement suggests that the US is at the end of the interest rate hike cycle.

Though not officially confirmed by Jerome Powell, the likelihood of a pivot starting around March with possible rate reductions throughout next year is gaining traction.

Against this backdrop, the stock market has retained the potential for a continued rally. In this piece, we will try and analyze the stocks that could feed off this positive momentum and keep rallying in 2024.

The past year has been tremendous for Nvidia Corporation (NASDAQ:NVDA), as evidenced by an annual return of almost 240%.

Despite such a dynamic northward movement, there are still no indications suggesting that the trend could end.

One potential signal is the current technical situation, which points to a possible top breakout from the consolidation that has been going on more or less since early July.

The prospects for further development of artificial intelligence projects look interesting.

According to CEO Jensen Huang, the company is expected to invest in the range of $1 trillion in data centers over the next four years to upgrade general computing to accelerated computing infrastructure.

On top of that, the Nvidia-Amazon cooperation on innovative customer solutions using generative artificial intelligence is intensifying.

This cooperation can take the AI segment to even higher levels by providing the companies with synergies and leadership positions in the recently