6 Fundamentally Strong Nasdaq 100 Stocks to Buy With Up to 48% Upside Potential
1. Nasdaq 100 rose 2.83%, driven by tech stock gains. 2. AMD rallied alongside Nvidia due to easing geopolitical risks and Fed rate-cut expectations.
FAQ
Why Bullish?
The positive sentiment in tech stocks, specifically the rally in AMD and Nvidia, suggests a favorable market environment similar to past recoveries after rate cuts.
How important is it?
The overall market rebound and specific acknowledgment of AMD's price movement indicate significant investor interest and potential influence on AMD's stock.
Why Short Term?
Short-term momentum from recent tech rallies often leads to immediate positive price actions, as seen in past quarters following favorable Fed announcements.