These 3 S&P 500 Stocks Have All More Than Doubled This Year. Can They Continue to Soar in the Second Half?
The stock market hasn't been slowing down this year after a strong performance in 2023. The S&P 500 continues to break records and has risen by nearly 15% year to date. Investors continue to rake in some tremendous profits from many great investments.
Three of the best-performing stocks on the index have already more than doubled in value this year. Super Micro Computer (NASDAQ: SMCI), Nvidia (NASDAQ: NVDA), and Vistra (NYSE: VST) have all been soaring. Here's a look at their returns, why they've been rallying, and whether they're still good buys right now.
The best-performing stock on the S&P 500 this year has been Super Micro Computer, also known as Supermicro. The stock has been a big play because of its role in the artificial intelligence (AI) revolution. The company provides server and storage services that are essential for businesses investing in AI and building the necessary infrastructure to support next-generation technologies and complex AI models.
Source Fool.com
