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Can Nvidia's AI craze continue to drive the US stock market to a new historical high?

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Analysts told reporters that under the impetus of the AI wave, the semiconductor sector has become a hot spot and catalyst in the market. In 2023, Nvidia surpassed the rest with an annual growth rate of 239%, while other "Big Seven" companies including Apple and Amazon also led the market in terms of growth. And this trend may continue to be an investment opportunity for 2024. Brian Burrell, fund manager of Shangbo Investment Management Company, said in an interview with 21st Century Business Herald reporters that artificial intelligence has performed well in 2023, and the AI boom in 2024 may bring more returns, especially for companies selling "pickaxes and shovels". Companies that can successfully integrate AI technology into their products in the coming years will also benefit greatly.
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