Today's Nvidia-fueled rally aside, it's not just artificial intelligence (AI) stocks that have piqued the market's interest over the past year. Fintech companies have also surged in popularity as the world shifts toward digital payments.
The growth in global digital payment processing company Visa (V) hasn’t been as rapid as that of tech companies, but it has been steady. Despite macroeconomic headwinds, rising post-pandemic travel demand boosted Visa’s performance last year. The stock returned 25.3% in 2023, on pace with the S&P 500 Index’s ($SPX) gain of 25%.
