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the new

year is starting so you're

probably seeing a lot of videos on the

top stocks for 2024 but they're mostly

filled with random companies or

cherry-picked Price charts this video is

a little different every stock on my

list works together so that I'm holding

all the winners in a few huge markets

that are growing fast thanks to AI which

is the best way to get rich without

getting lucky your time is valuable so

let's get right into it first things

first I'm not here to keep you hostage

here's the full list of stocks that I'll

be covering and there are times stamp so

that you can jump to different sections

but let me quickly point out a few

things before you do I'm not a financial

adviser my background is an electrical

engineering and data science and I have

about 10 years of Industry experience

using AI to solve real world problems

that's why every stock on this list

involves Ai and I'm sharing my research

for educational purposes only this isn't

supposed to be the ultimate stock list

it's more of a solid foundation for my

portfolio in 2024 and Beyond if I want

to buy more great companies like met

platforms or Tesla stock down the road I

will and I'll explain why I didn't put

them on the list in a minute also I only

buy stocks when they drop below my price

targets research tells me what to buy

but price targets tell me when so if you

want to see those I'll leave a survey

Link in the description below for you it

only takes about 20 seconds and your

responses help me understand how to add

the most value and finally there's a lot

of ground to cover so I'll keep

everything at a pretty high level my

entire Channel focuses on the science

behind the stocks so if there's a

specific company that interests you you

can probably find a video where I cover

it in more detail with all that out of

the way let's dive into the list in my

opinion the foundation of every good

long-term portfolio starts with a fund

the advice that I always hear is to put

a little money in the market every month

which usually means the S&P 500 the S&P

500 Index is a basket of stocks from the

500 biggest public companies in the

United States and the bigger the company

the more of the basket that stock takes

up but 500 companies is a lot so the S&P

grows slow and steady even when the

biggest companies are ripping for

example the top five companies in the

index are Apple Microsoft Amazon Nvidia

and Google all five of these companies

went up by more than 50% this past year

and Nvidia actually went up by almost

250% but the S&P went up by just

25% on the other hand the NASDAQ 100

index went up by 55% the NASDAQ has

three big advantages over the S&P in my

opinion first it tracks 100 companies

instead of 500 100 is still a lot of

diversification but not so much that the

index can't make big moves second it

doesn't hold companies from the

financial sector like commercial or

investment Banks as a result it holds

more Tech focused companies that can

benefit from this massive AI boom and

third the NASDAQ 100 can hold non- us

companies like asml a company that's

based in the Netherlands that makes the

massive machines that chip makers like

Intel Samsung and tsmc buy to make the

most advanced chips on the planet those

are just some of the reasons that the

NASDAQ 100 almost doubled the gains of

the S&P 500 over the last 5 years and

why that performance Gap could get even

bigger as AI keeps stacking advantages

for its early adopters the trade-off for

this performance is more volatility but

even that's a good thing for long-term

investors since higher highs mean better

returns and lower lows mean bigger

discounts on the best run compan

companes on the planet companies like

apple Microsoft Amazon broadcom meta

platforms Tesla Nvidia and Google which

together account for over 40% of the

NASDAQ 100 by weight that's why I didn't

include meta platforms or Tesla on my

list they're already near the top of

this fund instead I'm adding even more

Microsoft Google and Amazon because they

own a whopping 65% of the global cloud

services Market combined this is what I

mean about owning all the winners in a

given Market no matter who wins I win no

luck needed and all three of these

companies are investing billions of

dollars to build the infrastructure for

the world's Advanced AI workloads as

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so Microsoft Google and Amazon own a

combined 2third of the global market for

cloud services and millions of

businesses pay them each year to do

things like store and secure their

company's data host mobile and web

applications use their Computing

clusters and access a wide variety of AI

and machine learning tools here's why I

think these cloud service providers

won't get disrupted anytime soon except

maybe by each other first it would cost

a business way more to build even a tiny

fraction of these services for

themselves instead of just using a cloud

CL service provider and second these

Services run on top of massive Global

networks of data centers and that

Hardware infrastructure is also

incredibly expensive to research develop

deploy maintain and upgrade over time a

recent study showed that Amazon has

spent over $100 billion on AWS from when

it was launched to the end of 2021

around half of which was spent in Just 2

years let me put it like this if Amazon

web services was its own country today

it would have around the 50th biggest

National budget in the world that's not

so easy to compete with is it and that's

just AWS Microsoft and Google are

spending billions on Azure and Google

Cloud as well and who are they spending

that money with well the next two

companies on the list are Nvidia and AMD

which dominate the market for data

center gpus also called accelerators

gpus are currently the main kind of

processor for AI applications like chat

GPT Nvidia currently has a massive 92%

market share for Data Center gpus and

AMD is their only direct competition

with around 4% of the market the reason

I spend so much time researching Nvidia

is to understand how long they can

defend this massive lead the Enterprise

accelerator Market is expected to have a

24% compound annual growth rate for

almost the next decade so even if AMD

never catches Nvidia they're the only

other possible winner and they should at

least grow as the market does now is

also probably a good time to explain the

green and blue checks on my table green

means that a company is a market leader

Microsoft Google and Amazon dominate

cloud services and data centers so they

have green check marks in those columns

Nvidia also has its own set of data

centers and supercomputing services but

they're much less widely used so I gave

Nvidia a blue check on the flip side

Microsoft Google and Amazon all build

their own data center chips but they

don't really compete with nvidias or

amds they actually don't even sell them

to other compan companies instead they

send easier workloads to their own chips

and they use nvidia's and amd's chips to

process the harder ones that's why

Nvidia and AMD have green check marks

for AI chips while the cloud providers

have blue ones and the NASDAQ gets blue

check marks across the board since it

holds at least some companies in every

major Tech Market as you can see these

checks are not an exact science I'm just

trying to show you a lot of high level

information at once and there's a lot

more to each of these companies than I

can cover in a single video all right

here 's a quick bonus stock to consider

Intel has over a 70% market share for

data center CPUs even though AI is

Shifting the world towards gpus CPUs are

still the main kind of data center

processor today Intel's biggest

competitor here is AMD which owns the

other roughly 30% of this Market I

didn't put Intel on my list because it's already near the top of the NASDAQ 100 and it's currently way above my price

Target after going up 50% over the last

2 months anyway between Nvidia and AMD

and the three big cloud service

providers I can own the entire data

center GPU market and not worry about

who's winning at any given time and if I

add Intel into the mix I would own the

entire CPU Market as well so now with

just five or six stocks I'm virtually

guaranteed to be holding the winners of

multiple quickly growing markets no luck

required by the way the global

artificial intelligence Market is

forecasted to 15x over the next 10 years

which is a compound annual growth rate

of almost 37% for the next decade that

means all of the hardware companies and

cloud service providers that I've

covered so far should also grow fast

even if their market shares just stay

the same the third part of the AI Market

is software obviously software includes

a lot of different things so I picked a

couple of example categories just so you

can get the idea the first category that

I picked is cyber security since the

global Cloud security Market is

forecasted to more than 7x in size over

the next decade which is is a growth

rate of over 22% per year and just like

software cyber security includes many

different things like identity and

access management data loss prevention

event management disaster recovery and a lot more than what's shown on this one

chart I'm also not a cyber security

expert but I do think this Market will

grow even faster than predicted because

as AI keeps evolving there will be way

more cyber threats in general new kinds

of malware and hacking techniques more

devices apps and data that needs

securing and more rules and regulation

on what counts as secure in the first

place so I looked for cyber security

companies that have high earnings growth

and are Market leaders specifically in

identity and access management and data

loss prevention since those appear to be

the biggest chunks of the global Cloud

security Market that's how I landed on

poo Alto networks and fortunet crowd

strike and zscaler are two other cyber

security companies that are also in the

NASDAQ 100 but I didn't add them to this

list because they both recently had

company insiders selling shares and and

they were either unprofitable or barely

profitable for the most recent quarter

none of that makes them bad companies

but I'm being super picky here since

this list is all about building a solid

foundation for a long-term stock

portfolio and of course Microsoft Google

and Amazon have a wide range of cloud

Security Services as well but they're

not as specialized and they only work

within their own ecosystems that's why

they got blue checks and that brings me

to paler and uipath which are both

Enterprise software companies paler

makes high powered platforms that give

huge Enterprises a real-time view of

their data and help them optimize their

operations paler platforms tend to focus

on high-risk and highly regulated

markets like National Security heavy

Industries medical and international

transport users can even send commands

to assets under their control directly

from within the platform for example a

power company can monitor and rotate a

wind turbine a logistics company can

reroute its trucks and a commander can

retask military units in real time

which just goes to show how much some of

the biggest governments and companies on

the planet trust paler platforms with

their most sensitive data because of

that paler Solutions need to be

incredibly accurate fast and secure

which is a big challenge for most aib

based tools today my other pick here is

uipath a company that makes software

automate work done

by humans uipath uses different kinds of

AI like computer vision and natural

language processing to let people create

pretty robust automations for example

they can use computer vision to find and

push a button on a web page even if that

web Page's layout changes over time or

the robot can crawl through tons of

emails retrieve data and enter it into a

wide variety of other applications or it

can send invoices to large numbers of

customers who need them in completely

different formats these are all

processes that every company has to deal

with so UI paaths Market is pretty

massive I chose both paler and uipath

for a few key reasons first I I have

personal experience with them both I

used paler Foundry for about half a year

and I use uipath in my day-to-day

business so I have a pretty good

understanding of the quality of their

products and who their main competitors

actually are the bad news is that paler

and uipath are both seeing more

competition from Tech giants that are

adding AI to many of their services like

Microsoft and Amazon but the good news

is that those companies are already at

the top of this list so I win no matter

which company ends up on top no lock

requ ired the other reason that I picked

paler and uipath is that they're

flexible and fast as AI keeps evolving

both companies have released new tools

that their customers love for example

paler stood up their artificial

intelligence platform AIP just months

after chat GPT was released and it's now

their most demanded platform and uipath

built a chat GPT integration to securely

extract information from long documents

for use in larger workflows which makes

it way faster and simpler to automate

many different processes and as we enter

the era of AI I think the market will

reward companies that are fast and

flexible which is why it's the last

column on my table whether a company

focuses on one market like cyber

security or it has its hands in every

Market like the tech Giants companies

will need to keep up with the

state-of-the-art or get disrupted by

those who can I know this video is a

little long but I wanted to be thorough

since the whole idea is to build a solid

foundation for a portfolio in 2024 and

Beyond and to me that means focusing on

fast growing markets and finding all the

winners by understanding the science

behind the stocks that's the best way to

get rich without getting lucky so if you

feel I've earned it consider hitting the

like button and subscribing to the

channel that lets me know to put out

more research like this either way

thanks for watching and until next time

this is ticker symbol U my name is Alex

reminding you that the best investment

you can make is in

you