The stock market is on course to end 2024 on a high note as investors remain on the lookout for equities likely to dominate the upcoming year.
Notably, 2025 will be crucial, considering that a new administration will be in place and the markets are likely to show susceptibility to policies by the Donald Trump government.
In this context, investment strategist Shay Boloor has identified five standout stocks he believes will dominate market conversations in 2025. He noted that the equities would offer compelling buying opportunities in the event of a dip.
Picks for you
Boloor expects the technology and artificial intelligence sectors to continue leading the market.
Nvidia (NASDAQ: NVDA)
Boloor anticipates Nvidia (NASDAQ: NVDA) will continue its impressive run into 2025, citing its upcoming AI-focused products.
He noted that the next-generation Blackwell chips will drive investor confidence in the semiconductor giant. Despite some initial delays, the new product is already witnessing high demand.
With a projected 47% free cash flow margin and expected revenue growth of 40% in 2025, Nvidia will likely solidify its role in advancing the AI revolution.
As of press time, NVDA was trading at $147.63, reflecting a year-to-date return of 206%.
Palantir (NYSE: PLTR)
The American software giant Palantir (NYSE: PLTR) has recorded significant gains due to its ability to meet enterprise and government clients’ AI needs. Looking ahead to 2025, Boloor noted that Palantir’s Artificial Intelligence Platform and Foundry are becoming indispensable for companies integrating AI into their operations.
With an estimated free cash flow margin of 34% and revenue growth of 24% in 2025, Palantir is expected to attract even more interest.
These fundamentals, alongside strong earnings reports, have propelled PLTR to new all-time highs despite lingering concerns about its valuation.
At the close of the last trading session, PLTR was trading at $58.39, gaining 252% in 2024.
Tesla (NASDAQ: TSLA)
The American electric vehicle manufacturer is thriving after reaching a market cap of $1 trillion, a rally primarily driven by CEO Elon Musk’s close ties with Trump.
Boloor highlighted Tesla’s (NASDAQ: TSLA) innovations in Full Self-Driving (FSD) technology, Megapack energy storage solutions, and the Optimus humanoid robot, highlighting the company’s ambitions to reshape multiple industries.
Tesla’s 2025 outlook includes projected revenue growth of 17% and a free cash flow margin of 6%. For Boloor, Tesla represents the future of multifaceted technology, extending well beyond automotive manufacturing.
TSLA was valued at $321.22 as of press time, up almost 30% year-to-date.
Amazon (NASDAQ: AMZN)
Amazon (NASDAQ: AMZN) continues to dominate cloud computing and e-commerce. With projected revenue growth of 11% in 2025 and a 9% free cash flow margin, Amazon is expected to expand its reach further.
Boloor pointed to Amazon’s advancements in robotics, particularly the Kiva robots used in fulfillment centers, as key drivers of e-commerce efficiency and margin expansion. Therefore, the company presents a long-term investment opportunity due to its cloud computing and operational innovation leadership.
AMZN is currently trading at $208.18, reflecting gains of 38% in 2024.
Axon Enterprise (NASDAQ: AXON)
Through various initiatives, Axon (NASDAQ: AXON) seeks to impact the public safety industry with products like Axon Cloud and the Axon Body 4 camera.
Notably, Axon has established a niche in public safety tech solutions, holding a near-monopoly. The company forecasts a free cash flow margin of 19% and revenue growth of 22% in 2025, which hints at growth potential.
Boloor described Axon as a “cloud powerhouse” whose critical role in public safety will likely attract investor interest.
At the close of markets on November 8, AXON was valued at $603.18, surging almost 140% in 2024.
These highlighted stocks present a compelling case in 2025, further strengthened by their impressive 2024 performance. However, investors should remain cautious, as the technology sector and the broader AI market have recently raised concerns about a potential future downturn.
Featured image via Shutterstock
