Recep Gülcemal 
The year 2024 was a historic turning point for technology stocks. In particular, the synergy between artificial intelligence (AI) and blockchain technology pushed Nasdaq to the top with an increase of 33%. Companies such as Nvidia, MicroStrategy and Coinbase maximized the benefits of the integration of AI and crypto, generating huge gains per share.
What are the dynamics behind this trend? Where are the most profitable opportunities for investors? Here are the most talked about technology and stocks in 2024…
Artificial Intelligence and Crypto Integration
The integration of artificial intelligence and the cryptocurrency industry has reshaped financial markets. While AI’s data analysis and predictive algorithms dominate trading volumes on crypto exchanges, blockchain technology enables AI to operate on a secure and transparent infrastructure.
Prominent Nasdaq Stocks In This Scope
Nvidia: After the explosion of AI chips in 2024, the share price rose by over 200%.
MicroStrategy: The company continued to buy Bitcoin from its lows to its highs. As of now, it is one of the companies holding the most Bitcoin among the world’s corporate companies.
Coinbase: Coinbase shares, one of the leading global crypto exchanges and traded on Nasdaq, gained over 150% following the approval of crypto ETFs.
Bitcoin’s Rise and Its Impact on Tech Stocks
Towards the end of 2024, Bitcoin rose to the level of 100 thousand dollars. The companies that benefited the most from Bitcoin’s rise to these prices were technology companies. In addition;
Institutional investors show great interest in Bitcoin ETFs (BlackRock, Fidelity)
Increased confidence in the crypto market after the regulatory decisions made by the US in the cryptocurrency sector
Record trading volumes for companies like Coinbase
And for many more reasons, with the rise of Bitcoin in 2024, it has become a major source of income for many companies that are mentioned in this sector and cooperate with this sector.
How Artificial Intelligence is Impacting Financial Markets
AI’s role in financial markets is growing.
Algorithmic trading: AI-powered profit and loss cutting mechanisms in high-frequency trading
Fraud detection: Abnormal trades or transfers can be more tightly screened and more easily detected thanks to AI.
Automated portfolio management: Thanks to AI assistants, new investment strategies were developed and AI made the biggest contribution in this role.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.
*DOES NOT CONTAIN INVESTMENT ADVICE*