8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Surbhi Jain

June 19, 2024

Nvidia Corp. (NASDAQ:NVDA) has undeniably been one of the most remarkable success stories in the stock market.

The company’s staggering 591,078% return since its 1999 initial public offering, driven by strategic bets on graphics chips and artificial intelligence technology, has catapulted it to the top of the tech world. The stock has surged 217.58% over the past year, 173.78% year-to-date.

But several other large-cap stocks have outperformed Nvidia over the past year. Here are eight of them:

Also Read: Here’s How Much You Should Have Invested In Nvidia In 2022 To Become A Millionaire Today

MicroStrategy Inc. (NASDAQ:MSTR) — Known for its heavy investment in Bitcoin, MicroStrategy has seen significant price fluctuations but managed to outperform Nvidia’s annual performance.
- Sector: Technology
- Industry: Software – Application
- Market Cap: $26.07B
- Price: $1,469.43
- 1YR Perf: 400.85%
- YTD Perf: 132.64%
Carvana Co. (NYSE:CVNA) — Carvana’s innovative online car sales platform has driven strong performance, especially as the market rebounded post-pandemic.
- Sector: Consumer Cyclical
- Industry: Auto & Truck Dealerships
- Market Cap: $12.96B
- 1YR Perf: 337.52%
- YTD Perf: 109.26%
Coinbase Global Inc. (NASDAQ:COIN) — As a leading cryptocurrency exchange, Coinbase has capitalized on the cryptocurrency boom, outpacing Nvidia’s growth.
- Sector: Financial
- Industry: Financial Data & Stock Exchanges
- Market Cap: $57.94B
- Price: $235.95
- 1YR Perf: 324.45%
- YTD Perf: 35.67%
Vertiv Holdings Co (NYSE:VRT) — Vertiv’s strong performance in the electrical equipment sector has been impressive, showing resilience and growth.
- Sector: Industrials
- Industry: Electrical Equipment & Parts
- Market Cap: $35.69B
- Price: $95.34
- 1YR Perf: 322.98%
- YTD Perf: 98.50%
Super Micro Computer Inc. (NASDAQ:SMCI) — Super Micro Computer has benefited from increasing demand for high-performance computing solutions, outpacing Nvidia’s gains.
- Sector: Technology
- Industry: Computer Hardware
- Market Cap: $53.88B
- Price: $920.01
- 1YR Perf: 298.67%
- YTD Perf: 223.65%
Vistra Corp (NYSE:VST) — Vistra’s strong performance in the utilities sector has been notable, with consistent returns exceeding Nvidia’s performance.
- Sector: Utilities
- Industry: Utilities – Independent Power Producers
- Market Cap: $30.43B
- Price: $87.58
- 1YR Perf: 249.48%
- YTD Perf: 127.36%
AppLovin Corp (NASDAQ:APP) — AppLovin’s mobile app technology has driven substantial growth, making it one of the top performers in the tech sector.
- Sector: Technology
- Industry: Software – Application
- Market Cap: $26.60B
- Price: $80.84
- 1YR Perf: 237.25%
- YTD Perf: 102.86%
Insmed Inc. (NASDAQ:INSM) — Insmed’s advancements in biotechnology and strong market performance have outpaced Nvidia’s gains over the past year.
- Sector: Healthcare
- Industry: Biotechnology
- Market Cap: $10.57B
- Price: $65.58
- 1YR Perf: 227.90%
- YTD Perf: 111.62%

Check Out: Nvidia’s Rise As Most Valuable Global Company Used By Peter Schiff To Diss Top Crypto’s Utility – ‘Bitcoin Needs Gold. Gold Does Not Need Bitcoin’

Image: Shutterstock

Recommended

America's No. 1 AI Dividend Stock Revealed - Ad

Google CEO: This Is likely Bigger Than Electricity - Ad

The Tiny Tech Disrupting the $28.4B Hospital Infection Epidemic - Ad

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Could This New Project Top $1T?

Could This New Project Top $1T? - Ad

This billionaire has predicted that his new venture - something I'm calling "X-9840" - could become "a trillion dollar company." Today, only three companies in the US are worth more than $2 trillion. Microsoft... Apple...and Nvidia. This has nothing to do with electric vehicles... Self-driving cars, rockets, brain chips, or satellites.

Assault on US avocado inspectors in Mexican state led to suspension of inspections

MEXICO CITY (AP) — Two employees of the U.S. Agriculture Department were assaulted and temporarily held by assailants in the Mexican state of Michoacan, prompting the U.S. government , the U.S. ambassador to Mexico said Tuesday.

Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

A recent poll shows a tie between President Joe Biden and former President Donald Trump in Virginia, a state that has been under Democratic control for the last two decades.

Amazon's Betting Big on This Unknown AI Company

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

Judges hear Elizabeth Holmes' appeal of fraud conviction while she remains in Texas prison

SAN FRANCISCO (AP) — A panel of federal judges spent two hours on Tuesday wrestling with a series of legal issues raised in an attempt to overturn a fraud conviction that sent Theranos CEO Elizabeth Holmes to prison after a meteoric rise to Silicon Valley stardom.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Elon Musk Says Donald Trump Calls Him For No Reason: 'I Don't Know Why'

Tesla CEO Elon Musk unveiled details of his interactions with former President Donald Trump during the company's shareholder meeting.

General Motors Adjusts EV Production Target, Resumes Cruise Operations In Houston

GM's Cruise resumes operations in Houston. The company adjusted its EV production target; approved $6B stock buyback.

The END of Joe Biden

The END of Joe Biden - Ad

One of my political operatives just handed me this story: "Weeks from now, Joe Biden's political career will go down in flames..." I didn't believe it either. But then he sent me the details... Believe it or not, this new scandal is bigger than anything related to Trump, the economy, foreign affairs or even Biden's sagging poll numbers.

Florida jury finds Chiquita Brands liable for Colombia deaths, must pay $38.3M to family members

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia's long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided.

Michael Dell Says Generative AI Tech Wave Sweeping In Much Faster Than Early Internet: 'It's Happening Maybe 10 Times Faster'

Michael Dell, CEO of Dell Inc., compared the rise of generative AI to major technological advancements like the internet, noting its rapid adoption and significant impact on the global market.

Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too."

Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too." - Ad

Something huge is headed to America's shores -- and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen... "No matter how prepared you think you are, you aren't prepared enough," he warns.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

The 2024 election is shaping up to be one of the most closely contested, even though neither of the presumptive candidates inspires much confidence among voters.

The Election Shock Nobody Expected... (But You'll See it Coming)

The Election Shock Nobody Expected... (But You'll See it Coming) - Ad

It comes down to just 9 words... Nine simple words which when spoken, will determine the outcome of the 2024 election... These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

Robert F. Kennedy Jr. Is Facing Significant Financial Challenges In His Run Against Donald Trump And Joe Biden: Report

Robert F. Kennedy Jr.'s presidential campaign is grappling with significant financial challenges, impacting his ability to gain traction as a third-party contender in the 2024 election.

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

FRANKFURT, Germany (AP) — The European Union moved Wednesday to hike tariffs, or import taxes, on made in China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and the Asian nation's burgeoning exports of to the 27-nation bloc.

Joe Biden Facing Political "Knockout" In Weeks?

Joe Biden Facing Political "Knockout" In Weeks? - Ad

Weeks from now, we are expecting Joe Biden to make a historical announcement... It will change everything about the coming 2024 election. In short: Joe Biden is facing a new political scandal like no other ... And the shocking thing is, his own party is behind it. It doesn't matter if you're not a political junkie. It doesn't matter who you are voting for. The implications of this sinister turn of events will impact YOUR money, perhaps immediately...

Cathie Wood's Ark Invest Acquires $7.3M Worth Of Shares In This Promising Netflix Competitor, Sells Off Coinbase Stock Amid Bitcoin Slump

On Wednesday, Cathie Wood-led Ark Invest made significant trades in Roku Inc (NASDAQ:ROKU) and Coinbase Global Inc (NASDAQ:COIN), amidst a volatile market.

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.

Elon Musk's Chilling Warning for Humanity

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

The 'AI Big 10': 10 AI Stocks Now Comprise 28% Of S&P 500, Up From 14% In 2023

SPDR S&P 500 ETF has risen 30% in 8 months, thanks to AI stocks taking up large part of index. NVIDIA's success accounts for half of S&P 500's growth.

'Rich Dad Poor Dad' Author Robert Kiyosaki Questions Bitcoin ETFs' Authenticity: 'ETFs Are Fake Gold, Silver, Or Bitcoin'

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has voiced his concerns about Bitcoin ETFs, questioning their authenticity.

America Has New Type of Money, Making Some Rich...Should You Get It?

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Rivian-Volkswagen Partnership A 'Game-Changer,' Says One Analyst: A 'Mystery,' Says Another

Piper Sandler's Alexander Potter maintains a $21 price target. D.A. Davidson's Michael Shlisky raised the price target from $12 to $13.

Russia Confirms Contact With US Over Possible Swap For Detained WSJ Reporter Evan Gershkovich

Russia has confirmed that discussions are underway with the United States regarding a potential prisoner exchange involving WSJ reporter Evan Gershkovich.

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Colorado's Youth Cannabis Use Hits Historic Lows, Survey Finds

Colorado's latest survey shows declining youth cannabis use alongside broader shifts in risky behaviors and mental health improvements.

Bitcoin Continues Sideways Despite $21M ETF Inflow On Wednesday

Bitcoin spot ETFs saw net inflows of $21.5 million, signaling a shift in investor sentiment. Experts will discuss this and more at Benzinga's event.

Big Tech Is Spending Billions Each Month on This AI Superproject

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Fresh EU Tariffs Could Slow Down Tesla Chinese Rivals, But Warren Buffett-Backed BYD 'Can Profitably Export Even At A 35% Tariff,' Says Expert

The European Union has introduced new tariffs on electric vehicles manufactured in China, a move that could pose challenges for Chinese automakers. However, companies like BYD are expected to remain competitive.

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

NEW YORK (AP) — America’s perennial hot dog swallowing champion won’t compete in this year’s Independence Day competition due to a contract dispute, organizers said Tuesday.

AI Alert: Wealth Window Update

AI Alert: Wealth Window Update - Ad

I'm James Altucher, AI expert at Paradigm Press. On June 25, tech giants like Nvidia, Dell, and Alibaba could reveal "AI 2.0." This limited wealth-building window could turn $10k into $1 million with strategies I've perfected over 40 years. Act fast before everyone catches on!

Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses

NEW YORK (AP) — Thousands of delivery drivers filed legal claims against on Tuesday, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses.

Trump Media & Technology Stock Soars After Presidential Debate - What's Going On?

Trump's media group shares soared after the first 2024 presidential debate between Biden and Trump. Biden's age and hoarse voice raised concerns.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common?