The Nasdaq Composite Index has emerged as a shining star among indices, outperforming both the S&P 500 and the Dow Jones Industrial Average. With a heavy emphasis on the technology sector, this index has experienced significant growth and expansion.
The Resilient QQQM ETF
Invesco QQQ Nasdaq 100 ETF (NASDAQ:QQQM) mirrors the Nasdaq-100, comprising the top 100 non-financial companies listed on the Nasdaq. This ETF has witnessed a remarkable 43% growth in the past year.
Within the realm of Nasdaq trading, there lie exceptional opportunities for investors inclined towards the technology and related services domains.
Meta Platforms (META): Mastering the Social Scene
Meta Platforms (NASDAQ:META) is a media services powerhouse overseeing Facebook, Instagram, Messenger, and other social media platforms.
Meta’s recent earnings reveal total revenue spiked by 25%, with net income tripling year-over-year. The company has initiated a quarterly dividend of fifty cents per share and announced a $50 billion share buyback, prompting a staggering 20% surge in stock price.
Following TikTok’s recent setbacks due to regulatory hurdles, Meta Platforms stands to gain from user migration to platforms like Instagram Reels. Meta’s 24% year-over-year ad revenue growth and the introduction of dividends make it an alluring option for long-term investors.
Netflix (NFLX): Streaming Success Story
Netflix (NASDAQ:NFLX) has positioned itself as a premier streaming service offering movies, documentaries, and TV shows through a subscription-based model.
Netflix’s shares have doubled in value over the past year, buoyed by robust subscriber growth and improved financial standing.
In its latest fourth-quarter 2023 earnings report, Netflix posted a 13% revenue surge year-over-year. The company’s subscriber base expanded by 13%, marking its most substantial growth since the onset of the Covid-19 pandemic. As Netflix tackles password sharing issues, sustained double-digit subscriber growth seems feasible.
Nvidia (NVDA): Pioneering Semiconductor Innovation
Nvidia (NASDAQ:NVDA) is a semiconductor stalwart renowned for its GPU products tailored for gaming and virtual computing.
Nvidia’s stock has tripled in value over the past year, benefitting greatly from tech sector fervor and the surging interest in generative AI, an arena in which Nvidia plays a pivotal role.
In a move mirroring Meta Platforms, Nvidia initiated a quarterly dividend of four cents per share. The company’s fourth-quarter fiscal year 2024 earnings report showcased a remarkable 265% surge in revenue and an over eightfold rise in earnings per share. Bolstered by a 409% hike in data center revenue and a 56% uptick in gaming revenue, Nvidia’s commitment to generative AI places it in a robust profit trajectory.
As of this writing, Noah Bolton does not hold positions in the mentioned securities. The opinions expressed in this article are solely those of the writer. For more information, refer to InvestorPlace.com’s Publishing Guidelines.