12 Best NASDAQ Stocks To Buy In 2024

In this article, we discuss 12 best NASDAQ stocks to buy in 2024.

In December 2023, the performance of the 106 tracked indexes was predominantly positive, with only five finishing in negative territory. The average return for all indexes was 7.1%, following a strong performance in November. The NASDAQ-100 recorded a 5.5% gain, bringing its year-to-date performance to 53.8% on a price return basis as of January 5, 2024. The best-performing index was the Nasdaq Dorsey Wright Healthcare Technical Leaders, up by 17.8%, while the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 TR was the worst performer, declining by 4.2%. Notably, there was strength across different areas, with significant gains in Nasdaq Thematic Tech Indexes, Nasdaq Thematic ESG Indexes, and Nasdaq Green Economy Indexes (up 8-9% on average), while Nasdaq Crypto Indexes all posted double-digit gains. 

The market rally that began in early November continued, driven by positive economic data indicating easing inflation, leading to expectations of earlier-than-expected monetary policy adjustments by the Federal Reserve. This marked a significant shift from the August-October downturn when concerns about higher Treasury yields, decreased consumer confidence, and a new geopolitical conflict in the Middle East weighed on investors. While major technology firms continued to show strong gains at the year’s end, the market rally expanded across different sectors that had underperformed in 2023, including small caps, biotech/healthcare, clean energy, and financials. In 2024, investor sentiment appears cautiously optimistic, with the notion of a soft landing gaining momentum and the technology sector well-positioned for growth due to the increasing adoption of AI.

The trend of growth outperforming value made a strong comeback, with a significant shift in relative performance between these two broad categories occurring three out of the last four years. In 2023, large-cap growth surpassed value by over 31 percentage points, ranking second only to the margin of over 35 percentage points observed in 2020. This contrasts with 2022, where value outperformed growth by more than 21 percentage points, marking its second-best relative performance since 1978. The ratio of growth to value (RLG / RLV) hit its lowest point in the first week of January 2023 and, by mid-November, came within 1% of the record highs previously established in August 2020 and December 2021.

Despite persistent macroeconomic concerns affecting demand and consumer sentiment, earnings in the fourth quarter of 2023 are surpassing expectations significantly, according to CNBC. Factors contributing to better bottom lines include reduced input costs, a focus on cost controls and efficiencies, and lowered expectations. LSEG, formerly Refinitiv, is now witnessing an almost 8% increase in earnings growth for this season, surpassing the 4.7% forecasted just three weeks prior, before major banks released results. Presently, 80% of S&P 500 earnings have exceeded estimates, slightly above the usual trend, with earnings exceeding expectations by more than 6%, though not reaching the 7% to 8% upside seen in the previous two quarters. Despite strong fourth-quarter results, there is a lack of positive momentum in forward-looking indicators, as first-quarter and full-year 2024 earnings estimates have decreased since January 1, with many companies offering cautious guidance in this earnings season.

To benefit from the growth momentum in the market, some of the best stocks to pick up in 2024 include Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META). 

Our Methodology 

We chose the top stocks listed on the NASDAQ exchange based on overall hedge fund sentiment toward each stock. We have assessed the hedge fund sentiment from Insider Monkey’s database of 910 elite hedge funds tracked as of the end of the third quarter of 2023. The list is arranged in ascending order of the number of hedge fund holders in each firm. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). 

Photo by Pascal Bernardon on Unsplash

Best NASDAQ Stocks To Buy In 2024

12. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 87

Broadcom Inc. (NASDAQ:AVGO) is a global semiconductor company specializing in the design and development of complex digital and mixed-signal semiconductor devices. It operates in two segments – Semiconductor Solutions and Infrastructure Software. Broadcom Inc. (NASDAQ:AVGO) has projected a 2024 outlook with anticipated revenue of $50 billion and EBITDA margins of 60%. The company acknowledged some cyclical challenges in its broadband and storage semiconductor businesses but anticipates strength in the latter part of the year. Despite expected headwinds in the first half of 2024, investment advisory firm Summit Insights Group upgraded Broadcom Inc. (NASDAQ:AVGO) stock to Buy on December 8, expressing confidence that the company will likely outperform its outlook for 2024.

According to Insider Monkey’s third quarter database, Ken Fisher’s Fisher Asset Management is the largest stakeholder of Broadcom Inc. (NASDAQ:AVGO), with 2 million shares worth $1.70 billion. Overall, 87 hedge funds were bullish on the stock. 

In addition to Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO) is one of the best NASDAQ stocks to monitor. 

ClearBridge Multi Cap Growth Strategy made the following comment about Broadcom Inc. (NASDAQ:AVGO) in its Q2 2023 investor letter:

“While the ClearBridge Multi Cap Growth Strategy has limited mega cap exposure, which has been a recent headwind to relative performance, we own several companies that stand to benefit from the explosive growth in generative AI. These holdings play key roles in building out the necessary infrastructure and helping customers leverage capabilities enabled by this emerging technology.

Semiconductor and software solutions provider Broadcom Inc. (NASDAQ:AVGO), for example, is an important supplier of networking chips that power ethernet switches and routers for connectivity between AI servers. The company sees quarterly revenue from this part of their business exceeding $1 billion in their fiscal third quarter, on a trajectory toward doubling over the course of the year.”

11. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 90

Micron Technology, Inc. (NASDAQ:MU) is a global company engaged in the design, development, manufacturing, and sale of memory and storage products. The company operates through four segments – Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron Technology, Inc. (NASDAQ:MU) is one of the best NASDAQ stocks to buy. 

J.P. Morgan analyst Harlan Sur, with an Overweight rating, raised the price target on the stock to $105 from $90 on December 21. He emphasized the significance of high-bandwidth memory products, anticipating them to be a substantial revenue driver in 2024, driven by increased demand for memory in AI projects.

According to Insider Monkey’s third quarter database, 90 hedge funds were bullish on Micron Technology, Inc. (NASDAQ:MU), compared to 86 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is the leading position holder in the company, with 8.10 million shares worth $551.6 million.

Here is what Claret Asset Management has to say about Micron Technology, Inc. (NASDAQ:MU) in its Q3 2022 investor letter:

“Inflation is still higher than interest rates… not an incentive to save for most people. Either inflation must come down or interest rates have to go up further. Or both. And probably both. Now that they are taking the punch bowl away and the party is over, what happens next? For whatever reason, the stock market seems to always precede the economic reality: Micron reached a high of $98.45 on January 5th, 2022 and is trading at $50.00 today.”

10. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 102

Netflix, Inc. (NASDAQ:NFLX) is one of the best NASDAQ stocks for 2024. On January 23, Netflix, Inc. (NASDAQ:NFLX) reported a Q4 GAAP EPS of $2.11, falling short of Wall Street estimates by $0.11. Revenue for the period increased 12.5% year-over-year to $8.83 billion, topping market expectations by $120 million. The global streaming paid memberships increased by 13.12 million to 260.28 million. Netflix revealed Q1 2024 guidance, indicating anticipated revenue of $9.24 billion compared to the consensus estimate of $9.26 billion, and projected earnings per share (EPS) of $4.49 as opposed to the consensus estimate of $4.14.

According to Insider Monkey’s third quarter database, 102 hedge funds were bullish on Netflix, Inc. (NASDAQ:NFLX), compared to 114 funds in the preceding quarter. Boykin Curry’s Eagle Capital Management is one of the biggest stakeholders of the company, with 2.5 million shares worth over $970 million. 

Polen Focus Growth Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its fourth quarter 2023 investor letter:

“In the fourth quarter, the top relative and absolute contributors to the Portfolio’s performance were Netflix, Inc. (NASDAQ:NFLX), ServiceNow, and Salesforce.

During Netflix’s pandemic grow-over issues in 2022, the market seemed to believe there was little revenue or free cash flow growth left to be had for this business. The pandemic had pulled forward user growth, and the company then disclosed that there were over 100 million households that were using Netflix but not paying for it by borrowing a paid user’s account. After we assessed this information, better understood how the company could monetize shared passwords, and realized the win-win for Netflix and consumers from introducing an ad-supported subscription tier, we meaningfully added to our position in Netflix in the summer of 2022. We saw a clear path to much better monetization of an already robust and differentiated platform with a continued commitment to improved content spend efficiency and free cash flow growth.

Fast forward to today, Netflix has made meaningful progress on monetizing shared passwords and laying the foundation for consumer choice, although the ramp in advertising tier subscribers remains in the beginning stages. The low-hanging fruit may already have been picked on password sharing efforts, but our research shows there should be long tails of revenue and free cash flow growth. In our opinion, Netflix remains the most advantaged and profitable streaming service with opportunities to continue adding subscribers and raising prices as it demonstrates more value to consumers over time. Over the longer term, we also expect significant advertising revenue. That said, the market finally seems to have appreciated some of this. As a result, we trimmed our position from approximately 8% of the Portfolio to approximately 5% in the fourth quarter.”

9. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 110

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company operating in the Data Center, Client, Gaming, and Embedded segments. It is one of the best NASDAQ stocks to invest in 2024. Advanced Micro Devices, Inc. (NASDAQ:AMD) has increased its CPU microprocessor market share to 18.4% in the fourth quarter, marking a gain of 73 basis points, according to data from Mercury Research cited by investment firm Citi. Citi holds a Buy rating on AMD as of February 7. 

According to Insider Monkey’s third quarter database, Advanced Micro Devices, Inc. (NASDAQ:AMD) was part of 110 hedge fund portfolios, compared to 112 in the prior quarter. Philippe Laffont’s Coatue Management is a prominent stakeholder of the company, with a position worth $1.28 billion.

White Falcon Capital Management stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its fourth quarter 2023 investor letter:

“It is important to note that the returns depicted above actually originated in the market turmoil of 2022 and were only realized in 2023. We assess that about 75% of the returns in 2023 were derived from just 35% of the portfolio. Notably, the technology companies we acquired in 2022 – Advanced Micro Devices, Inc. (NASDAQ:AMD), Amazon, Docebo, NU, Rover – performed exceptionally well. In hindsight, the decision to allocate to technology stocks appears straightforward; but it actually demanded courage and conviction to buy and add to these stocks during the fear and uncertainty of the 2022 bear market.

The top 5 positions in the portfolio were: Precious Metals royalty basket, Nu Holdings, AMD Amazon.com and Converge Technology Services. AMD has worked out great for us but we must admit that it has gotten expensive. AI was not part of our original investment thesis and AMD is a great reminder of how one can get ‘lucky’ investing in quality businesses run by competent management teams (ditto for Amazon).”

8. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 112

Adobe Inc. (NASDAQ:ADBE) is a global software company operating in three segments – Digital Media, Digital Experience, and Publishing and Advertising. It is one of the best NASDAQ stocks to buy in 2024. On December 13, Adobe Inc. (NASDAQ:ADBE) reported a Q4 non-GAAP EPS of $4.27 and a revenue of $5.05 billion, outperforming Wall Street estimates by $0.13 and $30 million, respectively. 

According to Insider Monkey’s third quarter database, 112 hedge funds were bullish on Adobe Inc. (NASDAQ:ADBE), compared to 109 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 4.5 million shares worth $2.3 billion. 

Here is what Polen Global Growth has to say about Adobe Inc. (NASDAQ:ADBE) in its Q3 2023 investor letter:

“Both Alphabet and Adobe’s businesses continue to perform well. With respect to Adobe, the most recent quarter delivered more of the same with constant currency revenue growing 13%, margin expansion, and over 2% of shares outstanding repurchased for non-GAAP earnings growth of over 20%. We believe its approach to GenAI through Firefly, which guarantees safe content because it trains on Adobe Stock, will continue to be attractive to enterprises. The counter to GenAI, and something we are keeping an eye on with Alphabet and Adobe, is that it requires heavy investment. While both businesses can leverage their scale and manage costs in other areas, we expect the investment in future growth through GenAI will weigh on company-wide margins over the near term.”

7. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) ranks 7th on our list of the best NASDAQ stocks to invest in 2024. On February 1, Apple Inc. (NASDAQ:AAPL) reported a FQ1 GAAP EPS of $2.18 and a revenue of $119.6 billion, outperforming Wall Street estimates by $0.07 and $1.34 billion, respectively. Apple also declared a $0.24 per share quarterly dividend, in line with previous. The dividend is payable on February 15, to shareholders of record on February 12. 

According to Insider Monkey’s third quarter database, 134 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 135 funds in the preceding quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 915.5 million shares worth $156.75 billion.

Bireme Capital stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“We also shorted Apple Inc. (NASDAQ:AAPL) in Q3. At our average price of around $190 per share, Apple traded at 30x peak earnings and a $2.8 trillion market cap. While Apple is indeed a magnificent company, this valuation is simply too rich for a business with a substantial cyclical component. The company is projected to grow revenue at a mere 4% rate between 2022 and 2026. We think the total return on Apple stock will be lower than the market, and especially our long positions, over the next few years.”

6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 163

Alphabet Inc. (NASDAQ:GOOG) is one of the best NASDAQ stocks to invest in. On January 30, Alphabet Inc. (NASDAQ:GOOG) reported its fourth quarter results. The GAAP earnings per share came in at $1.64 and the revenue stood at $86.31 billion, outperforming Wall Street estimates by $0.04 and $1.04 billion, respectively. 

Alphabet Inc. (NASDAQ:GOOG) has reintroduced its AI chatbot, now named Gemini, as a subscription service with different tiers, following a model similar to OpenAI’s ChatGPT. The service, ranging from a free version to the premium Ultra 1.0 model priced at $19.99 per month, can perform complex tasks such as coding, creative collaboration, and logical reasoning.

According to Insider Monkey’s third quarter database, 163 hedge funds were long Alphabet Inc. (NASDAQ:GOOG), compared to 152 funds in the prior quarter. Harris Associates is a prominent stakeholder of the company, with a position worth $3 billion. 

Like Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META), hedge funds are piling into Alphabet Inc. (NASDAQ:GOOG). 

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 180

NVIDIA Corporation (NASDAQ:NVDA) is a global provider of graphics, compute, and networking solutions. It is one of the best NASDAQ stocks to buy. On February 9, NVIDIA Corporation (NASDAQ:NVDA) reported that it is establishing a new division dedicated to creating tailored chips for cloud computing firms and other entities, specifically focusing on advanced AI processors. In the expanding generative AI field, companies such as OpenAI, Microsoft, Alphabet, and Meta Platforms are all vying to leverage Nvidia chips to stay competitive.

According to Insider Monkey’s third quarter database, 180 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), compared to 175 funds in the prior quarter. Rajiv Jain’s GQG Partners is the largest stakeholder of the company, with 14 million shares worth $6.10 billion. 

Polen Focus Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“Apple and NVIDIA Corporation (NASDAQ:NVDA) alone drove over 1,100 basis points of the Russell 1000 Growth Index’s 42% return, so not owning them was a meaningful headwind to our relative return in 2023. NVIDIA shares rocketed higher by well over 200% in 2023 although they slightly underperformed our Portfolio and the Russell 1000 Growth in the fourth quarter. Generative AI has been a huge boon for NVIDIA as the use of LLMs like ChatGPT and others requires tremendous processing power that, today, is mostly provided by NVIDIA’s GPUs. All large cloud service providers, AI factories, and many large consumer internet companies are laying the foundation for generative AI by deploying NVIDIA GPUs and other parallel processing chips to be able to do large scale generative AI either for internal use (i.e., Meta) or as a service for others (i.e., AI factories) or both (cloud service providers such as Amazon, Microsoft, and Google).

Given many of NVIDIA’s customers or its end customers are still very much in the experimentation phase with generative AI, it is unclear how sustainable the current demand for GPUs truly is. At the same time, it is known that NVIDIA has historically been highly cyclical. By the end of 2024, we believe NVIDIA will already account for roughly half the market for datacenter chips, servers, and networking equipment, which is unprecedented. Even though the valuation at 25x forward earnings doesn’t look very demanding at first glance, it assumes NVIDIA will own virtually the entire datacenter chip market in just the next few years and will sustain year-on-year growth despite being a cyclical business that is currently experiencing much higher new peaks.

We believe NVIDIA is a highly advantaged business, but we also believe the long-term growth outcomes are currently too variable, and the expectations built into the company’s $1.2 trillion valuation as of this writing assume the most optimistic of those scenarios.”

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 221

Alphabet Inc. (NASDAQ:GOOGL) is one of the top NASDAQ stocks to invest in. These CLASS A shares are accompanied by voting rights, allowing shareholders to have a say in corporate decisions during shareholder meetings. Class A shares typically have one vote per share. According to Insider Monkey’s third quarter database, 221 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOGL), compared to 204 funds in the prior quarter. 

Madison Sustainable Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) was positive during the quarter but had a more modest gain in the fourth quarter following a strong third quarter and as a result, lagged the Technology sector more broadly. Alphabet’s third quarter included solid Search and YouTube results while Cloud growth was a bit softer, growing at 22% year-over-year. Google continues to incorporate AI in its core search businesses. It has been rolled out to a wide number of users across multiple geographies. We will continue to watch how Google adapts AI in its businesses and monitor cloud growth.”

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 234

Meta Platforms, Inc. (NASDAQ:META) ranks 3rd on our list of the best NASDAQ stocks in 2024. On February 1, Meta Platforms, Inc. (NASDAQ:META) reported a Q4 GAAP EPS of $5.33, exceeding Wall Street estimates by $0.39. In the fourth quarter of 2023, revenue amounted to $40.11 billion, marking a 25% year-over-year increase. For the full year 2023, the revenue reached $134.90 billion, reflecting a 16% year-over-year growth. Additionally, Meta’s board of directors announced a cash dividend of $0.50 per share. This dividend is set to be paid on March 26, to shareholders of record as of February 22.

According to Insider Monkey’s third quarter database, Chase Coleman’s Tiger Global Management is a notable position holder in the company, with 8.9 million shares worth $2.6 billion. Overall, 234 hedge funds were bullish on the stock.

The FPA Crescent Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) saw a welcome recovery in engagement and revenue year-to-date following a tough 2022. The company has continued to offer new solutions that allow advertisers to target customers effectively and efficiently via one of the world’s leading digital platforms. Moreover, operating profits are rising due to an organization-wide focus on improving productivity and accelerating the time to market for new products. However, overall profitability continues to be weighed down by losses in the Reality Labs segment. But, there is a positive optionality that Meta will emerge from the AI arms race as one of the leading players in the industry.”

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks to watch. On February 2, Piper Sandler analyst Thomas Champion observed that there was an acceleration in Amazon.com, Inc. (NASDAQ:AMZN)’s larger new deals, and the management remains optimistic about offering a variety of AI model options to customers. Champion, who has an Overweight rating on Amazon shares, set a $220 price target.

According to Insider Monkey’s third quarter database, 286 hedge funds reported owning stakes in Amazon.com, Inc. (NASDAQ:AMZN), compared to 278 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the leading stakeholder of the company, with a position worth $5.25 billion. 

Polen Focus Growth Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“For the full year, the top relative and absolute contributors were Amazon.com, Inc. (NASDAQ:AMZN), Salesforce, and ServiceNow. Amazon shares appreciated 88% in 2023, driven primarily by rapidly expanding operating profit margins and free cash flow growth. After the pandemic, Amazon experienced a period of inefficiency and over investment in its distribution and logistics infrastructure. Amazon is now leveraging these investments as growth returned to its e-commerce business in 2023 after a highly unusual 2022. At the same time, Amazon’s rapidly growing and high-margin advertising business is contributing strongly to the entire company’s operating profit growth. The AWS (Amazon Web Services) cloud infrastructure and services business continued to slow in 2023 as customers anticipating a more difficult economic environment looked to save money on their cloud spend, but these cloud spending optimizations began to stabilize in the second half of 2023. We now expect customer interest in generative AI will begin to contribute to growth.”

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) ranks 1st on our list of the best NASDAQ stocks to buy in 2024. On January 30, Microsoft Corporation (NASDAQ:MSFT) announced financial results for the quarter ended December 31, 2023. The company reported GAAP EPS of $2.93 and a revenue of $62.02 billion, outperforming Wall Street estimates by $0.16 and $890 million, respectively. Microsoft is set to pay a $0.75 per share quarterly dividend on March 14, to shareholders of record on February 15. 

According to Insider Monkey’s third quarter database, 306 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 300 funds in the last quarter. Bill & Melinda Gates Foundation Trust is the largest stakeholder of the company, with 39.2 million shares worth $12.4 billion. 

Madison Sustainable Equity Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation’s (NASDAQ:MSFT) sustainable scorecard was updated with an unchanged rating of Above Average. The company’s board has an official Environmental, Social, and Public Policy Committee in addition to the traditional Audit, Compensation, and Governance committees. For ten years, Microsoft has publicly released data measuring the diversity of its workforce. With the prominence of Artificial Intelligence (AI), the company has launched a 5-point blueprint for governing AI to address public policy and regulation. Environmentally, Microsoft has multiple programs to be carbon negative by 2030. The company has signed Purchase Power Agreements for carbon-free energy totaling 13.5 Gigawatts.”

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Disclosure: None. 12 Best NASDAQ Stocks To Buy In 2024 is originally published on Insider Monkey.