Ending the year with a four-day win streak
- Nvidia’s stock is on track to end 2023 with a four-day win streak
- The stock has risen 238.9% year to date
- Nvidia is the favorite S&P 500 stock of Wall Street analysts for 2024
- The S&P 500 has rallied 24.6% this year
Shares of Nvidia Corp. have had an incredible year, with the stock rising 238.9% year to date. This puts Nvidia on track to end 2023 with a four-day win streak. The company’s stock performance is the best it has been since 2001, when it soared 308.4%. Wall Street analysts have also shown their confidence in Nvidia, making it their favorite S&P 500 stock for 2024. The average price targets imply nearly 40% upside. In comparison, the S&P 500 has rallied 24.6% this year. Overall, Nvidia’s stock has been a standout performer in 2023.
Public Companies: Nvidia Corp. (NVDA), Meta Platforms Inc. (META), Royal Caribbean Group (RCL)
Private Companies:
Key People:
Factuality Level: 7
Justification: The article provides factual information about the performance of Nvidia’s stock and its ranking among S&P 500 performers. It also mentions the average price targets for Nvidia’s stock. However, it does not provide any analysis or context for the stock’s performance, and it includes unnecessary information about other S&P 500 performers.
Noise Level: 2
Justification: The article provides information on the performance of Nvidia’s stock and its ranking among S&P 500 stocks. It also mentions the performance of other stocks. However, it lacks in-depth analysis, evidence, or actionable insights. The article mainly focuses on stock performance without exploring the underlying factors or potential risks.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Nvidia Corp.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the performance of Nvidia Corp. stock and its impact on the S&P 500. There is no mention of any extreme events or their impact.
www.marketwatch.com 
