Next year, investors could see growth in these four sectors, Aaron Dunn, portfolio manager at Morgan Stanley, told Yahoo Finance.
Investors have piled into Advanced Micro Devices (NASDAQ: AMD) stock in 2023, driving the shares up 89% year to date. After a temporary pullback over the summer, the stock surged higher following the release of the company's third-quarter financial results. It is enjoying solid momentum in sales of central processing units (CPUs).
All eyes have been on Nvidia (NASDAQ: NVDA) this year as it becomes a key player in artificial intelligence (AI). Nvidia's meteoric rise could easily suggest it is far too late to invest in its shares. If held long enough, Nvidia will likely provide investors with significant gains.