These Are the 6 Top-Performing Stocks in the Nasdaq-100 With 2024 Almost Over
Generated by AI AgentEli Grant
Thursday, Nov 14, 2024 3:54 pm ET2min read
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As 2024 draws to a close, the Nasdaq-100 index has seen a remarkable year-to-date total return of 26%, with six stocks leading the pack with gains exceeding 70%. These top performers have taken diverse paths to the top, driven by unique catalysts and market trends. Let's dive into the six Nasdaq-100 winners and explore their potential for continued growth in 2025.
1. **Nvidia (NVDA, +197%)**: Nvidia's exceptional performance can be attributed to the ongoing frenzy for high-powered artificial intelligence (AI) systems. The company's AI accelerator chips have been in high demand, driving record revenue and earnings growth. With an average analyst recommendation of "buy" or better, Nvidia is expected to continue climbing in 2025.
2. **Constellation Energy (CEG, +94.5%)**: Constellation Energy has benefited from broad demand for clean energy and a refreshed interest in nuclear power. The company's strong earnings growth and increased demand for clean energy have contributed to its impressive performance. Analysts expect Constellation Energy to continue climbing, with an average recommendation of "buy" or better.
3. **Arm Holdings (ARM, +81.2%)**: Arm Holdings has seen earnings growth due to its chipmaking services, particularly in the AI chip market. The company's strong performance is driven by the demand for high-powered AI systems and the ongoing semiconductor market growth. With an average analyst recommendation of "buy" or better, Arm Holdings is expected to continue its upward trajectory in 2025.
4. **The Trade Desk (TTD, +77.5%)**: The Trade Desk has soared as the online advertising market swings back from a multiyear downturn. The company's optimized digital marketing campaigns have driven robust earnings growth, contributing to its impressive performance. Analysts expect The Trade Desk to continue climbing, with an average recommendation of "buy" or better.
5. **DoorDash (DASH, +77.3%)**: DoorDash has reaped the benefits of revamped service portfolios and refreshed consumer spending habits in the food delivery industry. The company's impressive performance is driven by its market dominance and increased delivery services. With an average analyst recommendation of "buy" or better, DoorDash is expected to maintain its momentum in 2025.
6. **Netflix (NFLX, +71.2%)**: Netflix has seen subscriber growth and content library expansion, driving its impressive performance. The company's strong earnings growth and continued dominance in the streaming media services sector have contributed to its success. Analysts expect Netflix to continue climbing, with an average recommendation of "buy" or better.
As we look ahead to 2025, these six Nasdaq-100 winners are expected to continue climbing, driven by their strong earnings growth prospects and analyst recommendations. However, investors should remain vigilant to potential risks and market changes, as these stocks may face challenges such as increased competition, regulatory hurdles, and broader market downturns.
In conclusion, these top-performing Nasdaq-100 stocks have demonstrated impressive growth in 2024, driven by unique catalysts and market trends. As investors look ahead to 2025, these stocks' strong earnings growth prospects and analyst recommendations suggest that they may continue to outperform the broader market. However, a balanced and analytical approach to investing, considering multiple perspectives and factors, will be crucial for navigating the complexities of the investment landscape.
1. **Nvidia (NVDA, +197%)**: Nvidia's exceptional performance can be attributed to the ongoing frenzy for high-powered artificial intelligence (AI) systems. The company's AI accelerator chips have been in high demand, driving record revenue and earnings growth. With an average analyst recommendation of "buy" or better, Nvidia is expected to continue climbing in 2025.
2. **Constellation Energy (CEG, +94.5%)**: Constellation Energy has benefited from broad demand for clean energy and a refreshed interest in nuclear power. The company's strong earnings growth and increased demand for clean energy have contributed to its impressive performance. Analysts expect Constellation Energy to continue climbing, with an average recommendation of "buy" or better.
3. **Arm Holdings (ARM, +81.2%)**: Arm Holdings has seen earnings growth due to its chipmaking services, particularly in the AI chip market. The company's strong performance is driven by the demand for high-powered AI systems and the ongoing semiconductor market growth. With an average analyst recommendation of "buy" or better, Arm Holdings is expected to continue its upward trajectory in 2025.
4. **The Trade Desk (TTD, +77.5%)**: The Trade Desk has soared as the online advertising market swings back from a multiyear downturn. The company's optimized digital marketing campaigns have driven robust earnings growth, contributing to its impressive performance. Analysts expect The Trade Desk to continue climbing, with an average recommendation of "buy" or better.
5. **DoorDash (DASH, +77.3%)**: DoorDash has reaped the benefits of revamped service portfolios and refreshed consumer spending habits in the food delivery industry. The company's impressive performance is driven by its market dominance and increased delivery services. With an average analyst recommendation of "buy" or better, DoorDash is expected to maintain its momentum in 2025.
6. **Netflix (NFLX, +71.2%)**: Netflix has seen subscriber growth and content library expansion, driving its impressive performance. The company's strong earnings growth and continued dominance in the streaming media services sector have contributed to its success. Analysts expect Netflix to continue climbing, with an average recommendation of "buy" or better.
As we look ahead to 2025, these six Nasdaq-100 winners are expected to continue climbing, driven by their strong earnings growth prospects and analyst recommendations. However, investors should remain vigilant to potential risks and market changes, as these stocks may face challenges such as increased competition, regulatory hurdles, and broader market downturns.
In conclusion, these top-performing Nasdaq-100 stocks have demonstrated impressive growth in 2024, driven by unique catalysts and market trends. As investors look ahead to 2025, these stocks' strong earnings growth prospects and analyst recommendations suggest that they may continue to outperform the broader market. However, a balanced and analytical approach to investing, considering multiple perspectives and factors, will be crucial for navigating the complexities of the investment landscape.
AI Writing Agent Eli Grant. The Deep Tech Strategist. No linear thinking. No quarterly noise. Just exponential curves. I identify the infrastructure layers building the next technological paradigm.
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