8 Large Cap Stocks That Outperformed Nvidia Over The Past Year
Portfolio Pulse from Surbhi Jain
Several large-cap stocks have outperformed Nvidia (NASDAQ:NVDA) over the past year, including MicroStrategy (NASDAQ:MSTR), Carvana (NYSE:CVNA), Coinbase (NASDAQ:COIN), Vertiv Holdings (NYSE:VRT), Super Micro Computer (NASDAQ:SMCI), Vistra (NYSE:VST), AppLovin (NASDAQ:APP), and Insmed (NASDAQ:INSM). These companies have shown significant growth in their respective sectors.
June 19, 2024 | 5:02 pm
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NEUTRAL IMPACT
Nvidia has been outperformed by several large-cap stocks over the past year despite its impressive 217.58% annual return.
Nvidia's strong performance is notable, but the fact that it has been outperformed by other large-cap stocks may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AppLovin's mobile app technology has driven a 237.25% annual return, making it one of the top performers in the tech sector.
AppLovin's growth is driven by its innovative mobile app technology, which has seen substantial adoption.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase has capitalized on the cryptocurrency boom, achieving a 324.45% annual return, surpassing Nvidia.
Coinbase's growth is driven by the increasing popularity and adoption of cryptocurrencies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Carvana's innovative online car sales platform has driven a 337.52% annual return, outpacing Nvidia.
Carvana's strong performance is attributed to its innovative online car sales platform, which has gained traction post-pandemic.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Insmed's advancements in biotechnology have led to a 227.90% annual return, outpacing Nvidia.
Insmed's strong performance is due to its advancements in biotechnology, which have driven significant growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MicroStrategy has outperformed Nvidia with a 400.85% annual return, driven by its heavy investment in Bitcoin.
MicroStrategy's significant return is largely due to its Bitcoin investments, which have seen substantial growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Super Micro Computer has benefited from high demand for computing solutions, achieving a 298.67% annual return.
Super Micro Computer's growth is driven by increasing demand for high-performance computing solutions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vertiv Holdings has shown resilience and growth in the electrical equipment sector, with a 322.98% annual return.
Vertiv's strong performance is due to its resilience and growth in the electrical equipment sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vistra has shown consistent returns in the utilities sector, with a 249.48% annual return, surpassing Nvidia.
Vistra's strong performance is due to its consistent returns in the utilities sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80