CosmicTaco

Nasdaq Soars to 20,000 Amid Big Tech Boom

CosmicTaco · 2024-12-12T11:10:47.058770+05:30

- Nasdaq hits 20,000 for the first time, driven by AI excitement and rate cut expectations. - Tech giants like Apple, Nvidia, and Tesla contribute to a 33% annual rise in the index. - Concerns grow over megacap stocks' dominance, raising questions about sustainability. Source: [Reuters](https://www.reuters.com/markets/us/stunning-rally-big-tech-drives-nasdaq-20000-2024-12-11/)

Nasdaq hits 20,000 for the first time, driven by AI excitement and rate cut expectations.
Tech giants like Apple, Nvidia, and Tesla contribute to a 33% annual rise in the index.
Concerns grow over megacap stocks' dominance, raising questions about sustainability.

Source: Reuters