Tech investors will remember 2024 as a year in which the artificial intelligence trade gained even more steam and giants like Nvidia Corp. and Meta Platforms Inc. carried the S&P 500 for the second time in a row.
But beyond the biggest tech names, there were plenty of other interesting trades. Heavy spending on AI by tech behemoths helped extend a rally beyond chip and server makers to select software stocks, power producers and even owners of vast caches of data used to develop AI services.