Nvidia Shines Bright Amidst S&P 500 Struggles in February
While February historically spells trouble for the S&P 500, Nvidia investors have reason to celebrate. Over the past five years, Nvidia shares have consistently outperformed the index, boasting an average surge of 9.1% during the month, making it the top S&P 500 stock for February.
Last February, Nvidia’s stellar performance saw a nearly 19% surge, contrasting sharply with the S&P 500’s 2.6% decline. This trend isn’t new for Nvidia, which saw a remarkable 14.2% spike in February 2020 while the S&P 500 plummeted 8.4%.
In 2024, Nvidia continues to impress, with shares already up 42% since the year began, signaling another strong February performance ahead.
The short URL of the present article is: https://ruffwire.com/RW/3zwn