Nvidia Is Suddenly Outpacing the S&P 500. Expect That to Continue.
It was only a matter of time before Nvidia started to outpace the S&P 500 again.
Overview
Nvidia (NASDAQ: NVDA) had a sluggish start to the year, but its rally ahead of earnings gained momentum when the company reported solid results. It's felt long overdue, but the chipmaker is once again outpacing the S&P 500 with a 23% year-to-date return.
Investors should expect Nvidia to continue beating the S&P 500, as it has done for many years. Strong financial results and the continuation of the artificial intelligence supercycle are two major reasons why.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.