Nvidia is the highest-flying stock in the S&P 500 in 2023.
Chipmaker Nvidia is the highest-flying stock in the S&P 500 in 2023.Soaring semiconductor share prices reflect the flurry of excitement — and hype — surrounding artificial intelligence technology.Santa Clara, Calif.-based Nvidia has seen its stock price surge roughly 85% this year, making it the single best performing stock in the S&P index.What they're saying:
In a March research note raising their price target on the shares, Bank of America analysts cited Nvidia's "dominance in the nascent generative AI/large language model market that could reshape the existing tech industry and usher in disruptive startups."
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