This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
2024 has been a great year for investors. For example, the tech-heavy Nasdaq-100 market index has seen a year-to-date total return of 26%, as of Nov. 13.
Six stocks in that index have gained more than 70% this year. Here are the top performers on the Nasdaq 100 in 2024:
|
Nasdaq-100 Stock |
Year-to-Date Return |
Market Cap |
Company Description |
|---|---|---|---|
|
Nvidia (NASDAQ: NVDA) |
197% |
$3.6 trillion |
AI accelerator chips |
|
Constellation Energy (NASDAQ: CEG) |
94.5% |
$71.1 billion |
Clean energy production |
|
Arm Holdings (NASDAQ: ARM) |
81.2% |
$143.2 billion |
Chipmaking services |
|
The Trade Desk (NASDAQ: TTD) |
77.5% |
$72.9 billion |
Optimized digital marketing campaigns |
|
DoorDash (NASDAQ: DASH) |
77.3% |
$63.1 billion |
Delivery services |
|
Netflix (NASDAQ: NFLX) |
71.2% |
$356.4 billion |
Streaming media services |
Data source: Finviz and YCharts on 11/13/2024. Table by author.
These market-beating stocks took very different paths to the top in 2024:
- Nvidia and Arm Holdings benefit from the ongoing frenzy for high-powered artificial intelligence (AI) systems.
- The Trade Desk soars as the online advertising market swings back from a multiyear downturn.
- Netflix and DoorDash are reaping the benefits of revamped service portfolios and refreshed consumer spending habits -- in very different industries.
- Constellation Energy enjoys broad demand for clean energy and a refreshed interest in nuclear power.
Where will these Nasdaq-100 winners go next?
Only time will tell where these soaring stocks might go from here. That being said, Wall Street analysts expect all of them to continue climbing for a while. Every stock on this list has earned an average analyst recommendation of "buy" or better, despite soaring charts and lofty valuation ratios.
Therefore, if the Street projections are correct, this bull market should continue in 2025.
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
