S&P 500's Top 5 Stocks in June (Nvidia Isn't One of Them!)

Despite Nvidia's impressive 150% gain in 2024, it only ranked 13th among the top S&P 500 stocks for June. Here are the top 5 surprises leading the S&P 500 going into Friday's close:

Joined the S&P 500 on June 24.
Shares rose steadily after a 34% revenue increase to $921 million and higher guidance for the year.
Focus on AI has fueled share growth since its 2019 IPO.
Shares up 52% in 2024.

Shares jumped 16% after a surprise profit for Q2.
Analysts, including William Blair's Sharon Zackfia, raised forecasts.
"Demand trends bode well for considerable pricing power in 2025."
Shares up only 0.4% on the year.

Shares rose after beating Q2 earnings estimates.
Stock had struggled despite the tech rally driven by Nvidia.
Analysts are bullish on Adobe’s AI integration.
Shares still down 8.4% this year.

Demonstrated "improving growth" in the quarter ended April 30.
Expected upward trend in operating cash flow.
Ongoing disputes with activist shareholder Starboard Value.
Shares are flat for the year.

Rise due to a shift towards developing its healthcare business.
Cloud revenue expected to jump to $47 billion in fiscal 2025.
Moving headquarters from Austin to Nashville to be closer to healthcare giants.
Shares up 33% on the year.