Nvidia (NASDAQ: NVDA) was the best-performing stock in the entire S&P 500 last year. As of Feb. 7, it is also the best-performing stock so far this year.

At first glance, this accomplishment sounds like Nvidia simply sustained its momentum when the calendar year flipped, which it did. But keep in mind that Nvidia, like the rest of the S 500, had a 0% year-to-date performance on the morning of Jan. 1. After surging by 238.9% in 2023, Nvidia is already up an additional 41.6% in 2024. Put another way, it is up 379.7% since Dec. 31, 2022.

I have never seen a company the size of Nvidia follow up a banner year with such a swift and sudden spike. In fact, Nvidia is now worth more than Warren Buffett-led Berkshire Hathaway, electric vehicle leader Tesla (NASDAQ: TSLA), and its fellow semiconductor giant Advanced Micro Devices -- combined.

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Source Fool.com