High Risk, High Return Stocks
Which is the best-performing S&P 500 stocks in YTD 2023. No prizes for guessing but that honor goes to NVIDIA, a stock that has benefitted from all the hype surrounding Artificial Intelligence (AI). While not a pure-play AI stock, NVIDIA is undoubtedly one of the best blue-chip companies to play the AI theme.
As of mid-June 2023, the stock has outperformed the S&P 500 by more than 150%, making it the best-performing S&P 500 stock in 2023 thus far. Coming in a distant second is META, with an outperformance of >110% vs. the S&P 500.
However, these blue-chip stocks are not the best performers within the US stock universe (> $1bn market cap).
In this article, I will highlight 8 high risk, high return stocks that have generated over 180% outperformance vs. the S&P 500. Can that outperformance continue into 2H23?...