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Why Nvidia, Meta, Microsoft And Amazon Stock Are Outpacing Apple And Tesla https://t.co/ZW6YmNFmrM
As we stride into Q2 2024, let’s take a closer look at how the “Magnificent Seven” stocks have held up this year. 🔍 $MSFT crossed the $3T market cap milestone 🔻 $AAPL briefly dipped below the $3T threshold 💥 $NVDA stole the show with an 82.3% surge 🥊 $GOOG / $GOOGL & $AMZN… https://t.co/wNsPJC1XfK
Last 10 Years... NVIDIA $NVDA: +20,275% Bitcoin $BTC: +14,595% $AMD: +4,301% Microsoft $MSFT: +1,104% Netflix $NFLX: +1,085% Tesla $TSLA: +985% Amazon $AMZN: +959% Apple $AAPL: +891% Facebook $META: +694% Google $GOOGL: +444% S&P 500 $SPY: +229% Gold $GLD: +70% US CPI: +32%
In the first quarter of 2024, the Nasdaq has seen a return of +10%, with Nvidia leading the gains with an impressive +81% return. Commodities have also performed strongly, with Oil and Gold returning +19% and +11%, respectively. Meanwhile, US Bonds have continued to sell off. In the cryptocurrency space, Bitcoin and Ethereum have posted returns of +57% and +45%. Nvidia has become the third-largest company globally, trailing behind Microsoft ($3.1t) and Apple ($2.6t), with a market capitalization of $2.2 trillion. Over the last decade, Nvidia has seen a remarkable growth of +20,275%, outpacing other major tech companies and cryptocurrencies with Bitcoin at +14,595% and Ethereum at +45%. As Q2 2024 begins, Nvidia has continued to outshine its peers with an 82.3% surge, contributing to its market cap milestone. This performance has led to Nvidia, Meta, Microsoft, and Amazon stocks outpacing competitors like Apple and Tesla.