Stock price hits another high, &#34;Water Seller&#34; strikes again.
On Monday, NVIDIA announced the launch of the GeForce RTX 40 Super series graphics cards at CES 2024, and the stock price soared to a new all-time high on the same day. Overnight, NVIDIA continued to rise by 1.7%, with a cumulative increase of over 9% since the beginning of this year, far outperforming the market.
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Since hitting bottom in October 2022, NVIDIA's gains have reached 10 times that of the SPDR S&amp;P 500.
Meanwhile, the other six members of the &#34;Seven Sisters&#34; in the technology sector have performed weakly since the beginning of the year, with an average return of -1%, dragging down the overall performance of the technology sector.
Currently, among the constituents of the SPDR S&amp;P 500 index, which is dominated by large-cap stocks, NVIDIA's performance this year ranks fourth, making it the company with the largest increase in market value exceeding $50 billion.
There is no doubt that the AI boom has greatly boosted NVIDIA's stock price since last year. In the latest financial quarter, NVIDIA's revenue reached a new all-time high, doubling year-on-year, and net profit soared to 12 times that of the same period in 2022.
How impressive is this reflected in the stock price? Forbes gave an example: if you had invested $1,000 in NVIDIA 10 years ago, today that investment would be worth about $134,000, while Apple and the SPDR S&amp;P 500 index fund would be worth about $10,000 and $3,100, respectively, under the same circumstances.
However, recently, with multiple positive news and the positive atmosphere driven by CES 2024, technology stocks have shown signs of recovery. The &#34;Seven Sisters&#34; have also recovered most of their losses since the beginning of this year.
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NVDA

Since the end of 2022, NVIDIA's growth has surpassed that of the S&P 500 by a factor of 10.

This year has already seen a 9% increase, and NVIDIA is still the most bullish large-cap stock in 2024.