From Nasdaq: 2024-06-18 06:30:00

Nvidia’s market cap has surged past $3 trillion, rising over 200% in the last year. However, smaller stocks like Vertiv Holdings (VRT), Coinbase Global (COIN), and Carvana (CVNA) have outperformed Nvidia. Vertiv, valued at $34 billion, saw 297% gains by focusing on data centers and IT infrastructure.

Vertiv reported 60% organic order growth and projects a $7.5 billion revenue by 2024. With a PEG ratio of under 1, Vertiv’s cheap stock attracts growth-oriented investors. Similarly, Coinbase’s $60 billion valuation grew 340% in a year due to high sales, profitability, and interest in cryptocurrencies like Bitcoin.

Coinbase relies on crypto market interest for growth. Its Q1 sales doubled to $1.6 billion, bringing strong profits. Meanwhile, Carvana’s $12 billion market cap and 330% return in the last 12 months stem from its online car buying services. Though volatile, Carvana’s recent profitability and reduced valuation intrigue investors.

Investors looking for future prospects should consider Vertiv, Coinbase, and Carvana for potential growth. However, the volatile nature of the cryptocurrency market and the economic challenges ahead make these investments more suitable for growth-oriented or risk-tolerant investors than Nvidia.

Read more at Nasdaq: These 3 Growth Stocks Have Outperformed Nvidia in the Past Year