Deja Vu? Nvidia Is 2024's Best Performing Big Stock So Far

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Deja Vu? Nvidia Is 2024's Best Performing Big Stock So Far

Forbes01-10

TOPLINENvidia stock rose to a fresh all-time high Tuesday, as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.Nvidia's billionaire CEO ...

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JP24
·01-10
Watch out for a huge sell off afterwards..
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The same amount invested into Apple stock would be worth about $10,000, and an S&P 500 index fund would be worth about $3,100.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":261536488591600,"gmtCreate":1704862045861,"gmtModify":1704862050049,"author":{"id":"3575712158925738","authorId":"3575712158925738","name":"JP24","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Watch out for a huge sell off afterwards..","listText":"Watch out for a huge sell off afterwards..","text":"Watch out for a huge sell off afterwards..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261536488591600","repostId":1198605487,"repostType":2,"repost":{"id":"1198605487","pubTimestamp":1704855844,"share":"https://www.laohu8.com/m/news/1198605487?lang=&edition=full","pubTime":"2024-01-10 11:04","market":"us","language":"en","title":"Deja Vu? Nvidia Is 2024's Best Performing Big Stock So Far","url":"https://stock-news.laohu8.com/highlight/detail?id=1198605487","media":"Forbes","summary":"TOPLINENvidia stock rose to a fresh all-time high Tuesday, as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.Nvidia's billionaire CEO J","content":"<html><head></head><body><h2 id=\"id_1165946770\" style=\"text-align: start;\">TOPLINE</h2><p>Nvidia stock rose to a fresh all-time high Tuesday<strong>, </strong>as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bf19cb2d1789702fbe1837bccb2669\" alt=\"Nvidia&#39;s billionaire CEO Jensen Huang, right, and Amazon Web Services CEO Adam Selipsky appear together in November.\" title=\"Nvidia&#39;s billionaire CEO Jensen Huang, right, and Amazon Web Services CEO Adam Selipsky appear together in November.\" tg-width=\"1440\" tg-height=\"809\"/><span>Nvidia&#39;s billionaire CEO Jensen Huang, right, and Amazon Web Services CEO Adam Selipsky appear together in November.</span></p><h2 id=\"id_1721800476\">KEY FACTS</h2><p>Shares of Nvidia rose 1.7% to $531.40, setting a new record closing share price.</p><p>Nvidia’s rally this week comes as the company unveiled new video game-focused AI offerings and Oppenheimer analyst Rick Schafer named Nvidia as one of his top stock picks for semiconductor chip companies, but largely appears to be a continuation of the positive sentiments accompanying the stock for 2023, when Nvidia was by far the best-performing stock listed on the S&amp;P 500.</p><p>Up almost 9% so far this year, shares of Nvidia have again far outperformed the limping broader market, with the S&amp;P and tech-heavy Nasdaq indexes each down.</p><p style=\"text-align: start;\">Nvidia is the S&amp;P’s fourth-best-performing stock through the first six trading sessions and by far the biggest gainer among companies with a market capitalization over $50 billion.</p><p>Notably, Nvidia shares have moved against an otherwise down stretch for big tech stocks, as the other six largest tech companies by market capitalization—Apple, Microsoft, Alphabet, Amazon, Meta and Tesla—have posted an average return of -1% so far this year.</p><h2 id=\"id_881645055\" style=\"text-align: start;\">BIG NUMBER</h2><p style=\"text-align: start;\">375%. That’s about how much Nvidia stock has returned since its shares bottomed in October 2022. That’s roughly twice as strong a return as the S&amp;P’s next highest gainer and a 10 times stronger return than the index’s 36% gain.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60a9775d32a19c63728db3757fe514a1\" alt=\"Table: Derek Saul; Source: FactSetGet the data; Created with Datawrapper\" title=\"Table: Derek Saul; Source: FactSetGet the data; Created with Datawrapper\" tg-width=\"919\" tg-height=\"528\"/><span>Table: Derek Saul; Source: FactSetGet the data; Created with Datawrapper</span></p><h2 id=\"id_1426819756\" style=\"text-align: start;\">KEY BACKGROUND</h2><p style=\"text-align: start;\">Nvidia joined the ranks of the elusive $1 trillion market cap club last year as investors flooded into the stock for its potential to capitalize on the surging popularity of generative artificial intelligence. Nvidia, which sells the semiconductor chips powering much of the AI boom, is one of the few companies to directly translate AI buzz into tangible growth. Nvidia’s $9 billion of profit in its most recent quarter was about 12 times greater than the same period in 2022.</p><h2 id=\"id_485328637\" style=\"text-align: start;\">SURPRISING FACT</h2><p style=\"text-align: start;\">A $1,000 investment in Nvidia 10 years ago would be worth about $134,000 today. The same amount invested into Apple stock would be worth about $10,000, and an S&amp;P 500 index fund would be worth about $3,100.</p></body></html>","source":"fors","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deja Vu? 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Nvidia Is 2024's Best Performing Big Stock So Far\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-10 11:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/dereksaul/2024/01/09/deja-vu-nvidia-is-2024s-best-performing-big-stock-so-far/?sh=66f572a36b08><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOPLINENvidia stock rose to a fresh all-time high Tuesday, as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.Nvidia's billionaire CEO ...</p>\n\n<a href=\"https://www.forbes.com/sites/dereksaul/2024/01/09/deja-vu-nvidia-is-2024s-best-performing-big-stock-so-far/?sh=66f572a36b08\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.forbes.com/sites/dereksaul/2024/01/09/deja-vu-nvidia-is-2024s-best-performing-big-stock-so-far/?sh=66f572a36b08","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198605487","content_text":"TOPLINENvidia stock rose to a fresh all-time high Tuesday, as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.Nvidia's billionaire CEO Jensen Huang, right, and Amazon Web Services CEO Adam Selipsky appear together in November.KEY FACTSShares of Nvidia rose 1.7% to $531.40, setting a new record closing share price.Nvidia’s rally this week comes as the company unveiled new video game-focused AI offerings and Oppenheimer analyst Rick Schafer named Nvidia as one of his top stock picks for semiconductor chip companies, but largely appears to be a continuation of the positive sentiments accompanying the stock for 2023, when Nvidia was by far the best-performing stock listed on the S&P 500.Up almost 9% so far this year, shares of Nvidia have again far outperformed the limping broader market, with the S&P and tech-heavy Nasdaq indexes each down.Nvidia is the S&P’s fourth-best-performing stock through the first six trading sessions and by far the biggest gainer among companies with a market capitalization over $50 billion.Notably, Nvidia shares have moved against an otherwise down stretch for big tech stocks, as the other six largest tech companies by market capitalization—Apple, Microsoft, Alphabet, Amazon, Meta and Tesla—have posted an average return of -1% so far this year.BIG NUMBER375%. That’s about how much Nvidia stock has returned since its shares bottomed in October 2022. That’s roughly twice as strong a return as the S&P’s next highest gainer and a 10 times stronger return than the index’s 36% gain.Table: Derek Saul; Source: FactSetGet the data; Created with DatawrapperKEY BACKGROUNDNvidia joined the ranks of the elusive $1 trillion market cap club last year as investors flooded into the stock for its potential to capitalize on the surging popularity of generative artificial intelligence. Nvidia, which sells the semiconductor chips powering much of the AI boom, is one of the few companies to directly translate AI buzz into tangible growth. Nvidia’s $9 billion of profit in its most recent quarter was about 12 times greater than the same period in 2022.SURPRISING FACTA $1,000 investment in Nvidia 10 years ago would be worth about $134,000 today. The same amount invested into Apple stock would be worth about $10,000, and an S&P 500 index fund would be worth about $3,100.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}