Stocks

Tech Titans Powering NASDAQ's Record Heights: Spotlight on MSFT, AMZN, and CRWD

Published March 11, 2024

The NASDAQ has soared to its unprecedented zenith, partly owing to the robust performance of certain tech stocks within the realm of Artificial Intelligence (AI). Among these trailblazers, MSFT, AMZN, and CRWD stand out with their remarkable contribution to this surge. These AI-driven enterprises are not just shaping the index; they are also potent instruments that could potentially anchor an investor's portfolio for a lifetime of growth.

Microsoft Corporation MSFT: An IT Powerhouse

Microsoft Corporation, the legendary pioneer in technology and software, continues to impact the market cap with its diverse array of products and services. From the ubiquitous Microsoft Windows and Office suite to the innovative Xbox and Surface devices, MSFT has maintained its position as a leader in the tech sector. A member of the Big Five U.S. IT companies, MSFT's influence is reflected in its 2020 Fortune 500 ranking as the 21st largest firm in the United States by total revenue. As it extends its domain across the IT industry, MSFT consistently demonstrates the financial vitality crucial for driving the NASDAQ's growth.

Amazon.com Inc. AMZN: Revolutionizing Commerce and Cloud Services

Another giant, AMZN, commands attention with its dominance over e-commerce and cloud computing spheres. As a member of the Big Five alongside MSFT, this behemoth has solidified its stature as an economic and cultural juggernaut. Amazon's ventures in digital streaming, AI, and its status as the world's most valuable brand all contribute to its strong financial muscle. By continually innovating and expanding its reach, AMZN plays a pivotal role in energizing the NASDAQ to new height

CrowdStrike Holdings, Inc. CRWD: Securing the Cloud

CrowdStrike Holdings, Inc. may not boast the same historical legacy as MSFT or AMZN, but its niche in cloud and endpoint security is equally momentous. With operational bases spanning continents and a headquarter in Sunnyvale, California, CRWD ensures the safety of digital infrastructures worldwide. The protection it offers against cyber threats is indispensable in today's highly interconnected environment, rendering CRWD a key player in the technology ecosystem and a strong factor in the overall performance of the NASDAQ.

NASDAQ, AI, Investment