The second half of 2024 has turned out to be a solid one for Zoom Communications (NASDAQ: ZM), as shares of the online communications platform provider have shot up roughly 44% since the beginning of July (as of this writing).

Investors looking to buy a potential AI winner trading at a reasonable valuation should consider taking a closer look at this company.

Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). December is historically a strong month for stocks due to something called the "Santa Claus Rally."

It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.

Analysts have been busy updating their discounted cash flow models and price targets for Nvidia (NVDA) after the most important AI company in the world failed to give the sort of blow-out revenue guidance Wall Street has come to expect.

Palo Alto Networks (NASDAQ: PANW) stock has delivered respectable gains of 30% so far this year, which is commendable considering that it started the year on a negative note and crashed big time in February after releasing its quarterly results.