In the past few years, the stock market has experienced considerable fluctuations, especially in 2021, when many companies gained enormous growth due to COVID-19 lockdown policies, only to suffer devastating losses during the macroeconomic sell-off wave in 2022. However, new markets, such as artificial intelligence (AI), are now emerging, and with inflation gradually easing, it seems that the worst phase of the fall is behind us.

This year, the "Nasdaq Composite Index" has risen by 43%, and it is expected to continue its upward trend in the new year. At the same time, companies that have recently undergone stock splits have also become the focus of investors, as such actions are usually accompanied by significant growth.

Below are two stocks selected by smart money that have potential in 2024.

**Nvidia**

Nvidia has achieved explosive growth in recent years, with its stock soaring over 1000% since 2018. This outstanding growth led the management to announce a four-for-one stock split in July 2021, marking the fifth split for the company since 2000. It seems that Nvidia's journey has only just begun.

In the past year, Nvidia has become one of the giants in the field of artificial intelligence, achieving approximately 90% of the AI chip market share. According to data from Grand View Research, the AI market is expected to expand at a compound annual growth rate of 37% by 2030, with a valuation likely to exceed 1 trillion dollars by the end of the decade.

At the same time, Nvidia has been leading other chip manufacturers in supplying hardware to the market. Due to the increasing demand for AI graphics processing units (GPUs), the company has seen a significant boost in performance. As of the third quarter of fiscal year 2024 ending in October 2023, Nvidia's revenue grew by 206%, and operating income surged by over 1600% due to a spike in sales of data center chips.

As an industry-leading chip manufacturer, Nvidia provides technical support across multiple fields, from AI models to cloud computing platforms, video game consoles, laptops, and more. With a solid long-term outlook, Nvidia is a stock split choice not to be missed in 2024.

**Amazon**

Since its initial public offering in 1997, Amazon has conducted four stock splits, the most recent being in June 2022, with a 20-for-1 split.

The company has achieved great success in two key areas over the years - e-commerce and cloud computing. E-commerce itself is expected to surpass 3 trillion in 2023 and maintain an annual compound growth rate of at least 10% before 2028. Amazon holds a leading position in several countries.

The e-commerce industry faced some challenges in 2022, but Amazon's recent quarterly performance indicates that the industry has returned to a growth trajectory. In the third quarter of 2023, the company's annual report showed a 13% year-over-year revenue increase, surpassing Wall Street's forecast of $1.5 billion.

This growth is mainly attributed to the remarkable rebound of the North American business, which incurred a loss of 412 million during the same period last year, while the operating income reported this time exceeded 4 billion.

In addition to e-commerce, Amazon also holds the largest market share in the cloud computing sector, with its "Amazon Web Services" (AWS) expanding its advantageous position in the AI field. The tech giant is increasing its investment in technology, having launched various AI tools through AWS in the past year and announced plans to enter chip development.

Amazon has significant long-term growth potential, further enhanced by the attractiveness brought about by the stock split, making this retail giant an investment choice not to be missed in 2024. However, investing carries risks, so it is essential to fully consider relevant factors when making investment decisions.