Benzinga - 2023 is a year Nvidia (NASDAQ:NVDA) stock investors will remember. Leveraging its early lead and advanced AI technology, the stock set numerous records and soared to unprecedented heights, surpassing the performance of many of its technology sector peers.
However, here’s a look at three Bitcoin plays outperformed Nvidia.
How Did Nvidia Perform in 2023?
Nvidia outperformed “The Enormous Eight” (as labeled by Charlie Bilello) in 2023. So, while Nvidia clocked about 230% returns YTD (as of Dec. 20), the other seven stocks in the group performed as follows (rounded off, as of Dec.20):- Meta Platforms (NASDAQ:META): +190%
- Tesla (NASDAQ:TSLA): +100%
- Amazon (NASDAQ:AMZN): +81%
- Netflix (NASDAQ:NFLX): +66%
- Alphabet/Google (NASDAQ:GOOG) (NASDAQ:GOOGL): +57%
- Microsoft (NASDAQ:MSFT): +55%
- Apple (NASDAQ:AAPL): +50%
Also Read: Nasdaq 100 Hits Record High, Set For Best Annual Performance Since 1999 Tech Boom
Which 3 Bitcoin-Related Stocks Outperformed Nvidia?
It’s surprising to see any stocks outshine Nvidia’s impressive 230% increase, but Bitcoin has also had a remarkable year, climbing 165% year-to-date. This surge in investor confidence in Bitcoin has contributed to the success of related Bitcoin ventures, exceeding investor predictions.Now Read: Crypto-Linked Stocks Are Moving Higher: What’s Going On?
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