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Santa Clara, California-based NVIDIA Corporation (NVDA) is a key innovator of computer graphics and AI technology. The company provides graphics and compute and networking solutions. With a market cap of $3.6 trillion, NVDA develops a platform for scientific computing, AI, data science, autonomous vehicles, robotics, metaverse, and 3D internet applications, as well as focuses on PC graphics by serving clients worldwide.
Shares of this chip giant have significantly outperformed the broader market considerably over the past year. NVDA has gained 200.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.9%. In 2024, NVDA stock is up 193.3%, surpassing the SPX’s 25.8% rise on a YTD basis.
