Stocks

The Exceptional Trio: GOOG, NVDA, and AMZN Outshine Nasdaq in Recent Surge

Published May 17, 2024

In the constantly shifting landscape of the stock market, a notable change has been observed in the performance of some high-profile tech stocks. A trio of companies, namely Alphabet Inc. GOOG, Nvidia Corporation NVDA, and Amazon.com, Inc. AMZN, has stood out by outperforming the Nasdaq Composite Index over the last three months. This trend signifies a potential shift in market leadership away from the larger pool of big-tech growth stocks that have traditionally dominated this sphere.

Insights on Alphabet Inc. GOOG

Alphabet Inc., the parent company of Google and a multitude of other subsidiaries, has shown resilience and growth potential that exceeds its Nasdaq peers. Founded on the restructuring of Google in 2015, Alphabet has since grown into the fourth-largest technology company by revenue globally. Its influence spans across various sectors, maintained by its founders who continue to exert controlling power as board members and employees. GOOG's performance is a testament to its continuing innovation and market presence.

Performance and Potential of Nvidia Corporation NVDA

Known for its cutting-edge graphics processing units (GPUs) aimed at gamers and professional markets, along with chips designed for mobile computing and automotive applications, NVDA has displayed significant growth. This Silicon Valley stalwart, while enduring industry-wide challenges, has emerged as a strong performer, showcasing the robust demand for its innovative technological solutions.

Amazon.com, Inc. AMZN Leads E-Commerce and Cloud Computing

As a titan in e-commerce and an influential player in cloud computing and digital streaming, AMZN has defied broader market trends by demonstrating strong performance. Considered one of the world's most valuable brands, Amazon's diverse business model and expansion into various technological realms have contributed to its recent success in outstripping the Nasdaq Composite's gains.

Alphabet, Nvidia, Amazon