Nvidia Corp. (NVDA) has been a standout success story in the stock market, with a remarkable 591,078% return since its 1999 IPO. The company’s strategic focus on graphics chips and AI technology has propelled it to the top of the tech world, with a 217.58% surge in the past year and 173.78% year-to-date.
Despite Nvidia’s impressive performance, several other large-cap stocks have outperformed it over the past year. Here are eight of them:
1. MicroStrategy Inc. (MSTR) – Known for its heavy investment in Bitcoin, MicroStrategy has seen significant price fluctuations but managed to outperform Nvidia with a 400.85% 1-year performance and 132.64% year-to-date.
2. Carvana Co. (CVNA) – Carvana’s innovative online car sales platform has driven strong performance, with a 337.52% 1-year performance and 109.26% year-to-date.
3. Coinbase Global Inc. (COIN) – As a leading cryptocurrency exchange, Coinbase has capitalized on the crypto boom, outpacing Nvidia with a 324.45% 1-year performance and 35.67% year-to-date.
4. Vertiv Holdings Co (VRT) – Vertiv’s strong performance in the electrical equipment sector has shown resilience and growth, with a 322.98% 1-year performance and 98.50% year-to-date.
5. Super Micro Computer Inc. (SMCI) – Benefiting from increasing demand for high-performance computing solutions, Super Micro Computer has outpaced Nvidia with a 298.67% 1-year performance and 223.65% year-to-date.
6. Vistra Corp (VST) – Vistra’s strong performance in the utilities sector has been notable, with returns exceeding Nvidia’s performance at 249.48% 1-year and 127.36% year-to-date.
7. AppLovin Corp (APP) – AppLovin’s mobile app technology has driven substantial growth, making it a top performer in the tech sector with a 237.25% 1-year performance and 102.86% year-to-date.
8. Insmed Inc. (INSM) – Insmed’s advancements in biotechnology and strong market performance have outpaced Nvidia with a 227.90% 1-year performance and 111.62% year-to-date.
Overall, while Nvidia remains a powerhouse in the tech world, these companies have shown impressive growth and outperformance in their respective sectors. DailyBubble believes that diversifying investments across multiple high-performing stocks can help investors maximize returns and minimize risk in their portfolios.