Top 3 US gainers of 2024 to date
If you're curious about what everyone else is buying, you're not alone. We've got 3 of the top gainers of the US market this year. See how they stack up against what's on your radar.
Vistra Corp
In short
• Founded in 2016
• Market cap is roughly US$43 billion (about AU$65 billion)
• Share price year high of US$143.87 (about AU$217)
• Share price low of US$37.77 (about AU$57)
• Ticker symbol: VST
• Traded on the New York Stock Exchange
Need to know: Vistra Corp is making waves in the Texas energy scene. This publicly traded company – best known for its popular TXU Energy brand – is more than just a retail electricity provider. They boast a diverse portfolio that includes natural gas, coal, nuclear and a growing focus on renewable energy sources like solar and wind.
What might be exciting for some investors is Vistra's commitment to sustainability. They're actively working to reduce their carbon footprint through decarbonization initiatives and increasing their renewable energy capacity. With a focus on clean energy, Vistra is positioning itself to be a key player in the evolving energy landscape.
NVIDIA
In short
• Founded in 1993
• Market cap is around US$3.2trillion (about AU$4.9 trillion)
• Share price year high of US$144.42 (about AU$219)
• Share price low of US$47.32 (about AU$71)
• Ticker symbol: NVDA
• Traded on the New York Stock Exchange
Need to know: NVIDIA is absolutely crushing it. Known for creating some of the most sought-after graphics processing units (GPUs) in the world, this tech giant powers everything from supercomputers to AI-driven innovations. Its stock has been on an incredible run, setting new records and then breaking them again.
Founded in 1993 to serve the gaming industry, NVIDIA has gone way beyond gaming to become a powerhouse in artificial intelligence, machine learning, data centers and even automotive tech. Revenues have increased significantly over the past year; a strong sign of profitability and steady growth that's making investors take note1. If you're looking at future-focused companies with serious growth potential - NVIDIA would be one to keep your eyes on.
Palantir Technologies
In short
• Founded in 2003
• Share price year high of US$45.14 (about AU$68)
• Share price low of US$15.66 (about AU$23)
• Market cap is around US$89 billion (about AU$135 billion)
• Ticker symbol: PLTR
• Traded on the New York Stock Exchange
Need to know: For investors drawn to the AI space, Palantir Technologies Inc could be one to watch. Known for its powerful data-crunching software that can provide insights from massive amounts of information, Palantir has seen its stock prices take off. This Denver-based company recently reported impressive growth, with revenue climbing 27% year-over-year in Q2 to reach US$678 million (about AU$1.03 billion)2.
Palantir's story is fascinating – not only does it count the United States Intelligence Community and Department of Defense among its clients but it's also expanding rapidly into private-sector work, making this a key part of its future growth. Fun fact: the company is named after magical crystal balls in The Lord of the Rings used to see events across the world.
All prices in AUD as at 1 Nov 2024
1 NVIDIA Newsroom, NVIDIA Announces Financial Results for Second Quarter Fiscal 2025, 28 August 2024
2 Palantir Technologies Inc., Palantir Reports Revenue Growth of 27% Year-Over-Year and Raises Full Year Revenue Guidance; Record GAAP EPS of $0.06 in Q2 2024, 30 June 2024
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