· the stock has gained almost +170% year-to-date and recently surpassed apple as the second biggest s & p 500 holding. Meet the one s & p 500 stock thats outperforming nvidia so far in 2024. Three have outperformed nvidia over the past 5 years. Due to its high index weight and strong return, nvidia has contributed 33% of the s & p 500 index’s year-to-date return. · what happened next? Those gains beat the nearly 1,200% return that nvidia generated during the same stretch by a. 1, shares of supermicro were up by more than 1,400% over the prior five years. · nvidia s high valuation faces challenges from rising competition and market risks. In each of those periods, the broader s & p 500 index outperformed , though in two of those cases the market actually fell. · nvidia remains a huge winner for investors. · stocks in midsize companies tend to outperform their larger and smaller counterparts over time. But the s & p 500 ai champ is about to get bumped to second place. Read why continued nvda dominance and growth may face hurdles. · nvidia won investors respect this year with its off-the-hook revenue growth. Its not the biggest winner in the s & p 500 , though.
