New research has shown that Nvidia’s stock price surged by 180%, with BAE Systems and Meta following closely behind. In comparison, Bitcoin saw a more conservative 8.26% increase in the post-COVID period.
A study by Banking Methods focused on the performance of both stocks and cryptocurrencies, with Nvidia leading the pack with a remarkable 180% increase in value post-COVID. The tech company’s shares rose from $293 in 2021 to an impressive $822 in 2024, making it an attractive investment option despite market volatility.
BAE Systems, a defense and information security company, saw a 116.76% surge in stock price, securing the second spot on the list. Meta, formerly known as Facebook, experienced a 49.50% increase in its stock price, landing in third place.
Other companies featured in the study include Microsoft, gold, Northrop Grumman, Lockheed Martin, and AeroVironment, although their returns were not as impressive as the top three stocks. Meanwhile, Bitcoin saw a modest 8.26% increase in value post-COVID, outperforming some altcoins but not making it into the top 10.
While Nvidia stood out as a top performer, recent data from Google Finance shows a slight decline in its stock value, dropping by over 16% in the past month. This raises concerns about the long-term sustainability of Nvidia’s growth.