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While Nvidia (NVDA) stock has come off its all-time highs, and fell over 6% on Thursday despite reporting better-than-expected fiscal Q2 2025 earnings, it is still the best-performing S&P 500 Index ($SPX) stock year-to-date, with a 2024 gain of more than 141%.
The chip designing giant delivered gravity-defying returns in 2023, soaring 240% to deliver 10 times the returns of the S&P 500 on the year. In the process, NVDA became the first semiconductor company to join the ranks of trillion-dollar giants amid the artificial intelligence (AI) boom.