- Nvidia has seen a 26,927% increase in its stock value over the past decade. With a focus on artificial intelligence and data center chips, its growth is expected to continue, despite a lower forward P/E ratio of 28 compared to its five-year average of 39.
- Advanced Micro Devices has grown by 10,971% and has a partnership with OpenAI. The company is known for its PC CPUs and has been gaining market share from Intel. Its recent forward P/E ratio of 35 is slightly above its five-year average of 30.
- Broadcom, up 3,666%, focuses on semiconductor and software products, including cybersecurity and storage. With a forward P/E of 37, above its five-year average of 19, the stock may be overvalued. Despite this, it is expected to benefit from the growth of AI.
- Arista Networks, up 3,253%, specializes in networking equipment for data centers. Its recent forward P/E ratio of 42 is above the five-year average of 32, indicating potential overvaluation. Long-term investors should consider investing incrementally or adding the stock to their watchlist.
- Axon Enterprise has seen a 2,890% increase in stock value and focuses on hardware and software for public safety, including body cameras and drones. With a forward P/E of 83, above the five-year average of 74, investors should be cautious. The stock’s price-to-sales ratio is also steep, indicating potential overvaluation.
Read more at Nasdaq: The 5 Best-Performing S&P 500 Stocks of the Last Decade — Including Nvidia and Broadcom