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Semiconductor stocks remain in focus, as the pivot to artificial intelligence (AI) has fueled the demand for chips, and Nvidia (NVDA) has become a $2 trillion giant riding the AI wave. NVDA, which was the best-performing S&P 500 Index ($SPX) constituent last year, is holding up as the index's second-best performer so far in 2024.
On the other side of the spectrum is Intel (INTC), which is the worst-performing S&P 500 stock, sporting YTD losses of 40.3%. Intel’s underperformance is not limited to 2024 alone; the stock has lost almost a third of its market cap over the last five years.
