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NVIDIA Corp. NVDA has been the standout tech stock of the past year, leading the Nasdaq 100 index in the performance ranking. The chipmaker giant has seen an astounding 186% surge since the end of May 2023, fueled by skyrocketing demand for chips in artificial intelligence development.
Veteran Wall Street investor Ed Yardeni recently coined “Magnificent One” to differentiate Nvidia’s extraordinary performance from the Magnificent Seven. To illustrate the magnitude of Nvidia's market value increase, just a year ago, the company was valued at $1 trillion. Today, it boasts a staggering $2.
8 trillion valuation, making it the third-largest company in the U.S. Nvidia’s current value is equal to Tesla Inc.
TSLA , Ely Lilly & Co . LLY , Broadcom Inc. AVGO , Walmart Inc.
WMT and Mastercard Inc. MA combined. Read Also: When Will Nvidia Be The Most Valuable Company In The World? However, Nvidia's spectacular ascent is eclipsed by these seven U.
S. stocks, which have more than doubled the chipmaker’s impressive returns over the last year. 7.
Vera Therapeutics, Inc. VERA : 363% Vera Therapeutics is a biopharmaceutical company dedicated to developing transformative treatments for serious immunological diseases. The company’s stock surged due to advancements in its clinical programs and optimistic projections for its drug candidates.
Its 363% surge since May 30, 2023, doubled the performance of Nvidia during the same timeframe. 6. Vertiv Holdings Co.
VRT : 4.