Nvidia Corp. (NASDAQ:NVDA) has undoubtedly emerged as the standout performer among S&P 500 stocks in the initial two months of 2024.
While the Santa Clara, California-based tech company enjoyed a 60% gain, there’s a pack of lesser-trumpeted names that have quietly delivered impressive returns in their own right.
These stocks have significantly outpaced the broader market.
Within the S&P 500 index, 10 stocks have achieved returns exceeding 25% so far this year. Noteworthy among them are three from the Magnificent Seven subset, showcasing the enduring strength of mega-cap tech players.
In contrast, the median S&P 500 stock, tracked by the S&P 500 Equal Weight ETF (NYSE:RSP), has eked out a modest 3% return, while the market-cap weighted SPDR S&P 500 ETF Trust (NYSE:SPY) has posted a more substantial 7% surge.
Top 10 Performing S&P 500 Stocks (As Of Feb. 29, 2024)
Company
YTD Return
Market Cap
NVIDIA Corporation
60.02%
$1,950.35B
Constellation Energy Corporation (NASDAQ:CEG)
43.31%
$53.04B
Meta Platforms, Inc. (NASDAQ:CEG)
38.14%
$1,246.58B
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