Stocks

2 Top Performing Large-Cap Stocks Outdoing Nvidia's Last Year Performance

Published May 26, 2024

In the ever-changing landscape of the stock market, certain large-cap stocks have managed to produce returns that are roughly double that of Nvidia's NVDA over the past year. Among these stellar performers are Carvana Co. CVNA and Super Micro Computer, Inc. SMCI. The question on investors' minds now is whether these hot stocks have the potential to surge even higher.

Carvana Co. CVNA - Reinventing Car Sales

CVNA operates an innovative e-commerce platform for buying and selling used cars in the U.S. Headquartered in Tempe, Arizona, CVNA has revolutionized the auto industry with its user-friendly platform, making it possible for customers to seamlessly purchase vehicles online. Over the past year, CVNA's stock has seen impressive growth, raising the question of its continued upward trajectory in the market.

Nvidia Corporation NVDA - A Tech Giant's Growth

Nvidia Corporation NVDA, the well-known designer of GPUs for gaming and professional markets, as well as SoCs for various industries, continues to be a major player in the tech sphere. Despite its significant market influence, NVDA's stock returns have been eclipsed by those of CVNA and SMCI over the last year. With Nvidia's considerable resources and ongoing innovation, investors are closely watching its potential for recovery and future gains.

Super Micro Computer, Inc. SMCI - Server Solutions Success

SMCI focuses on developing high-performance server and storage solutions, catering to a wide range of applications. Based in San Jose, California, SMCI leverages an open, modular architecture in its products. The company's outstanding performance over the previous year has not gone unnoticed by the market, prompting discussions about its ability to maintain the growth momentum.

Carvana, Nvidia, SuperMicro