What’s Next for Five of 2024’s Most Dramatic Tech Stock Stories
- Reddit, Palantir and Vistra soared on broadening of AI trade
- Intel and Super Micro have slumped on company-specific issues
Reddit’s IPO was a hit with investors.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Tech investors will remember 2024 as a year in which the artificial intelligence trade gained even more steam and giants like Nvidia Corp. and Meta Platforms Inc. carried the S&P 500 for the second time in a row.
But beyond the biggest tech names, there were plenty of other interesting trades. Heavy spending on AI by tech behemoths helped extend a rally beyond chip and server makers to select software stocks, power producers and even owners of vast caches of data used to develop AI services.