Nvidia’s stock on track to end stellar 2023 with a 4-day win streak
Shares of Nvidia Corp.
NVDA,
rose 0.4% in premarket trading Friday, to put the S&P 500’s best performers in 2023 on track to end the year on a four-day win streak. The semiconductor maker and artificial intelligence play’s stock has rocketed 238.9% year to date through Thursday, and is headed for the best yearly performance since it soared 308.4% in 2001. And as MarketWatch’s Philip van Doorn reported, Nvidia’s stock is the favorite S&P 500 stock of Wall Street analysts for 2024, as average price targets implies nearly 40% upside. The S&P 500’s second-best 2023 performer was Meta Platforms Inc.’s stock
META,
which powered up 198%, followed by Royal Caribbean Group’s stock
RCL,
which shot up 161%. The S&P 500 has rallied 24.6% this year.
