These 5 Stocks Moved the Market in 2021
It was a wild year in the market as investors juggled ongoing pandemic recovery, inflation, monetary policy, high valuations, and geopolitical issues. There were certainly big winners and losers. Some of the largest stocks moved the market last year, and they reveal important investment themes as we move into 2022.
Nvidia (NASDAQ: NVDA) is a semiconductor stock that grew into one of the biggest companies in the world this year. It's up more than 110% year to date. The company has been a leader in the gaming graphics processing unit (GPU) market for years, but it is gaining traction in a wider variety of applications, such as data centers for cloud computing, artificial intelligence, and robotics.
That appreciation was driven by excellent fundamentals, as Nvidia delivered excellent results despite ongoing supply chain issues. The company's revenue is up 65% over the first nine months of its fiscal year, and operating income has climbed 130%. Its forward price-to-earnings (PE) ratio has also doubled to 60, so investors should recognize the implication of buying stocks at that valuation level. Nvidia announced new products for gaming and cloud, adding to its prospects. Massive tech investments by Meta Platforms (NASDAQ: FB) and other businesses will also be a major catalyst in the coming years.
Source Fool.com
