From Nasdaq: 2024-11-11 04:45:00

The Nasdaq-100 index tracks the performance of the 100 largest non-financial companies listed on the Nasdaq Stock Exchange. It is heavily weighted towards the technology sector, with Nvidia and Meta Platforms leading the index with two-year returns of 910% and 510%, respectively.

Wall Street remains bullish on both stocks, with 92% of analysts rating Nvidia a buy and 84% rating Meta Platforms a buy. Median price targets suggest upside for both stocks.

Nvidia’s success lies in its vertically integrated hardware and software solutions for AI applications. The company reported a revenue surge of 122% in Q2 of fiscal 2025.

Meta Platforms owns popular social media platforms like Facebook and Instagram, utilizing AI to deepen engagement and reduce costs for advertisers. The company reported a revenue increase of 19% in Q3.

Meta Platforms recently showcased Orion, its first pair of fully holographic AR glasses. Wall Street expects the company’s earnings to increase at 21% annually over the next three years.

Investors should consider Stock Advisor’s 10 best stock picks, which have historically outperformed the S&P 500. Nvidia was not included in the list, but the service has a strong track record of success.



Read more at Nasdaq: 2 Nasdaq Stocks Up 510% and 910% in 2 Years to Buy Now, According to Wall Street