Super Micro Computer and Nvidia are still the S&P 500's biggest winners in 2024, with several other artificial intelligence plays among the top 10, including AI-adjacent utility plays such as Vistra, Constellation Energy and NRG Energy.
S&P 500 Top Performers In 2024
| Ticker | Company | YTD chg | Chg since 3/13 | Chg since 6/30 |
|---|---|---|---|---|
| SMCI | Super Micro Computer | 150.54% | -40.05% | -13.08% |
| NVDA | Nvidia | 128.31% | 24.30% | -8.48% |
| VST | Vistra | 84.63% | 16.29% | -17.28% |
| MHK | Mohawk Industries | 55.28% | 32.21% | 41.48% |
| HWM | Howmet Aerospace | 52.77% | 25.98% | 6.51% |
| TRGP | Targa Resources | 51.46% | 23.63% | 2.17% |
| CEG | Constellation Energy | 49.75% | 4.28% | -12.60% |
| NTAP | NetApp | 43.09% | 22.25% | -2.06% |
| KKR | KKR | 43.04% | 20.98% | 12.61% |
| NRG | NRG Energy | 42.57% | 18.05% | -5.33% |
But since Super Micro stock set a closing high on March 13, AI stocks haven't shown the same dominance. SMCI stock, still up 150.54% in 2024, has plunged just over 40% since March 13. Nvidia, Vistra and NRG are solid winners since then, though they are all down in July.
Super Micro earnings for Q2 are due on Aug. 6, with Vistra and NRG Energy set for Aug. 8. Nvidia stock isn't on tap until Aug. 28.
Who's Leading Now
| Ticker | Company | Chg since 3/13 |
|---|---|---|
| MMM | 3M | 46.15% |
| FSLR | First Solar | 43.77% |
| TYL | Tyler Technologies | 40.25% |
| GNRC | Generac | 39.09% |
| NEM | Newmont Mining | 35.96% |
| MHK | Mohawk Industries | 32.21% |
| GEV | GE Vernova | 31.89% |
| GLW | Corning | 30.92% |
| TSLA | Tesla | 29.69% |
| IP | International Paper | 29.29% |
Meanwhile, Dow Jones giant 3M is the No. 1 S&P 500 performer since March 13, surging 46.15%. First Solar follows at 43.77%. Tesla, despite retreating in the past few weeks, is also a top-10 performer over this span, up 29.69%.
3M gapped up 23% on July 26, blasting out of a base on Q2 earnings.
Just One S&P 500 Stock Makes Both Lists
Just one S&P 500 stock is a top-10 performer for the year and since March 13: Mohawk Industries. MHK stock gapped up 19.5% on July 26 on its Q2 earnings, definitively clearing a recent base.
Howmet Aerospace almost makes the cut, up 52.77% in 2024 and 25.98% since March 13. The titanium-alloy aerospace supplier reports early Tuesday.
Tyler Industries, No. 11 for 2024 at 41.26%, has been a winner in recent months, up 40.25%. That includes last week's 12.65% spike amid Tyler earnings.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
