
Nvidia has significantly outperformed other stocks in the S&P 500 this year, with a remarkable gain of 66%, making it a leader in the semiconductor space. It has also experienced an extraordinary growth, evolving from a $280 billion company to the third-largest in the world within just 16 months, from October 2022 to February 2024. Among the 'Mag 7', Nvidia is the only stock to have achieved a triple-digit return since the end of 2021, with an increase of 180%. This performance has positioned Nvidia as the most valuable company in its sector and the third most valuable globally, with a market capitalization exceeding $2.1 trillion. Additionally, Nvidia's market cap is now $500 billion larger than Google's and only $500 billion smaller than Apple's, indicating its potential to become the most valuable company. The gap between the best and worst performers in the 'Enormous Eight' has widened to 96%, with Nvidia at the top with a 72% increase and Tesla at the bottom with a 24% decrease.

96% spread this year between the best and worst performers in the Enormous Eight... Nvidia $NVDA: +72% Tesla $TSLA: -24% https://t.co/eT7rvhZeW4
Nvidia $NVDA is now more than $500B larger than Google $GOOGL and is around $500B smaller than Apple $AAPL https://t.co/bfsDnVVME3
$nvda market cap $500b away from $aapl wow Seems like it may take over this year