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2023's Top Dogs: Nvidia, Meta Lead S&P 500 Charge In Tumultuous Year — But Which 'Magnificent Seven' Stock Will Be 2024's Runaway Winner?

Benzinga ·  Dec 29, 2023 06:02

With just one trading session left in the year, the U.S. market has rebounded impressively from its lackluster performance in 2022. The S&P 500 is poised to break out to a new high, boasting a gain of 24.6% for the year. Meanwhile, the S&P Equal Weight Index, which equally weights its constituents, has seen a more modest 12% advance, highlighting the influence of mega-caps in the market rally.

Top Winners:

Nvidia Corp. (NASDAQ:NVDA)

YTD Gain: +239%

AI-leveraged Nvidia takes the lead with a 239% gain. The company's AI accelerator chipsets, powering large-language models, have positioned it at the...

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