Semiconductor giant Nvidia (NVDA) has been hitting new market-cap milestones at an unprecedented pace. Last year, it joined the $1 trillion market cap club, while its valuation surpassed $2 trillion in February this year.

We recently published a list of Wells Fargo’s Tech Stocks To Beat The S&P: 14 Top AI & Non-AI Stocks. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other Wells Fargo’s tech stocks to beat the S&P: 14 top AI & non-AI stocks.

The past two years have been absolutely phenomenal for Nvidia (NASDAQ: NVDA) investors, as shares of the graphics card specialist shot up 736% during this period once it became evident that the company is going to play a central role in the proliferation of artificial intelligence (AI).

Nvidia (NVDA 2.15%) was the single best performing stock in the S&P 500 (\^GSPC 0.56%) in 2023, and it ranks as the fourth-best performing member of the index year to date in 2024.

Wall Street’s AI darling, fell on Monday following reports that a senior executive had met with Chinese officials. The stock slip comes amid Nvidia’s stellar performance last week, which exceeded expectations.

Nvidia's impressive Q3 revenue growth of 94% and forecasted $50 billion revenue mark suggest continued strong performance. Click here for my NVDA update.