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Wednesday, February 21, 2024

Nvidia’s stock on track to end stellar 2023 with a 4-day win streak

Nvidia’s stock on track to end stellar 2023 with a 4-day win streak


Nvidia Corp. Stock
NVDA,
+0.21%

rose 0.4% in premarket trading Friday, to help the S&P 500’s top-performing companies in 2023 finish the year on a four-day winning streak. Shares of the semiconductor and artificial intelligence maker have soared 238.9% year to date through Thursday and are heading for the best annual performance since rising 308.4% in 2001 . And like Philip van Doorn of MarketWatch reported, Nvidia stock is Wall Street analysts’ favorite S&P 500 stock for 2024 as average price targets imply an upside of nearly 40%. The second best performer in the S&P 500 in 2023 was Meta Platforms Inc. stock.
META,
+0.14%
,
which rose 198%, followed by the stock of Royal Caribbean Group
RCL,
+0.04%
,
which climbed 161%. The S&P 500 is up 24.6% this year.



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