How would you like to make nearly $765 billion on an S&P 500 stock in just eight trading days? Nvidia investors just found out.
A stunning 31% rally by shares of Nvidia from their recent low on Aug. 7 translated into a massive paper gain for investors brave enough to jump back in. By gaining $764 billion from the low, Nvidia is the No. 1 wealth generator in that time, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
Investors saw the AI giant's shares' recent weakness as a lower-cost way into the stock. And so far it's paying off big-time. "The recent correction in NVDA stock has been perplexing, but there are plenty of catalysts ahead," said Daniel Morgan, vice president at Synovus Trust.
Nvidia Racing Ahead In S&P 500
Nvidia's market value gain from the August low is impressive relative to the rest of the S&P 500, too.
Apple's 7.7% gain in that time makes it a distant second market-value gainer, minting just $237.3 billion. That, though, was a missed opportunity for famed investor Warren Buffett. His Berkshire Hathaway sold nearly half of its giant Apple position back in the second quarter.
It's important to note, though, that shares of Nvidia are still up 161% for the year. NVDA is also only 4% shy of its high. And the stock still carries perfect 99 Composite and Relative Strength ratings.
It's important to keep your watchlist ready. You never know when billions might be made in just days.
Top S&P 500 Gainers In The Recent Rally
Most market value minted since Aug. 7
| Company | Ticker | Change | Market value gained (billions) | Sector |
|---|---|---|---|---|
| Nvidia | NVDA | 31.4% | $764.0 | Information Technology |
| Apple | AAPL | 7.7% | $244.3 | Information Technology |
| Microsoft | MSFT | 5.8% | $171.7 | Information Technology |
| Amazon.com | AMZN | 9.5% | $162.1 | Consumer Discretionary |
| Broadcom | AVGO | 23.1% | $146.3 | Information Technology |
Sources: S&P Global Market Intelligence, IBD
