Nvidia Corp. has been a sensational success story in the stock market, boasting a remarkable 591,078% performance since its IPO in 1999. This surge has been attributed to strategic investments in graphics chips and AI technology. Despite its outstanding performance, several other large-cap stocks have outperformed Nvidia in the past year. Here are eight of them:
1. MicroStrategy Inc. (MSTR) – Known for its heavy investment in Bitcoin, MicroStrategy has outperformed Nvidia with a 400.85% annual performance.
2. Carvana Co. (CVNA) – Carvana’s innovative online car sales platform has led to a 337.52% increase in its stock price over the past year.
3. Coinbase Global Inc. (CURRENCY) – As a leading cryptocurrency exchange, Coinbase has capitalized on the crypto boom, surpassing Nvidia’s growth with a 324.45% performance.
4. Vertiv Holdings Co. (VRT) – Vertiv’s strong performance in the electrical equipment sector has yielded a 322.98% increase in its stock price.
5. Super Micro Computer Inc. (SMCI) – With growing demand for high-performance computing solutions, Super Micro Computer has seen a 298.67% growth in its stock price.
6. Vistra Corp (VST) – Vistra’s solid performance in the utilities sector has resulted in a 249.48% increase in its stock price over the past year.
7. AppLovin Corp (APPLICATION) – AppLovin’s mobile app technology has driven substantial growth, leading to a 237.25% increase in its stock price.
8. Insmed Inc. (INSM) – Insmed’s advances in biotechnology have led to a 227.90% increase in its stock price over the past year.
Overall, while Nvidia has been a standout performer in the stock market, these eight large-cap stocks have managed to outshine it in terms of stock price performance. Investors looking for top-performing stocks may want to consider exploring these alternatives.
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https://www.benzinga.com/top-stories/24/06/39400875/8-large-cap-stocks-that-outperformed-nvidia-over-the-past-year