The Best Stocks to Invest ,000 in Right Now


Technology stocks have scored a major win in 2024, recording top performances in the S&P 500 and Dow Jones Industrial Average. The biggest gainers in each were Palantir Technologies and Nvidia (NASDAQ: NVDA), respectively, thanks to the artificial intelligence (AI) boom. Investors are excited about the technology’s potential to make companies more efficient and even produce game-changing products.

And the good news is AI growth may be far from over. Today’s $200 billion market may reach $1 trillion by the end of the decade, according to analysts’ forecasts. This means AI stocks should continue to deliver growth down the road, making now a great time to buy. I usually favor stocks that not only are present in AI but also have a proven track record of growth that extends into other areas so that they don’t depend on just one industry or specialty.

If you have $50,000 to spread across several stocks, the four stocks I talk about below look like fantastic buys now. And if you don’t have $50,000, no reason to worry. You could also pick up these stocks with a much smaller amount. If you haven’t diversified your portfolio across industries, you’ll want to limit the investment in tech to part of the $50,000 and use the rest to buy quality stocks in other sectors.

Diversification is important because it may reduce risk; if one industry or stock disappoints, others could compensate. OK, it’s time to discover these top stocks to pick up now.

Image source: Getty Images.

Meta Platforms (NASDAQ: META) is investing heavily in AI, even making it the biggest investment area of 2024. But you probably know this company better for something else: social media apps.

As the owner of Facebook, Messenger, WhatsApp, and Instagram, Meta has generated billions of dollars in revenue and profit over time thanks to its dominance in the industry. This has been done through advertising, with advertisers flocking to Meta to reach us, the target audience, as they know they’ll find us on these popular apps.

So, Meta established itself as a social media giant before focusing on AI. Now, though, AI might offer the company an opportunity to supercharge growth. Meta aims to develop AI assistants to suit all its users, potentially prompting us to spend more time on the apps and advertisers to spend more to reach us.

Today, Meta shares are particularly interesting because, at only 27 times forward earnings estimates, they’re pretty reasonably priced for a company with a solid earnings track record and the potential to enter a big new era of growth thanks to AI.



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