CommSec
27 May 2024
When it comes to electric cars, the name that is likely to spring to mind is Tesla. But the company doesn’t just design and build battery-driven cars, but also battery storage devices and solar panels. And while the company’s share price soared from 2020, it has been a volatile ride. After lifting 10-fold from 2020 to early 2022, it then halved over the next seven months. But the company continues to innovate, and a raft of shareholders are on board for the ride.
Shares in Tesla are 50% below 2021 highs and over 2024 shares are down by 30%. But over the past five years Tesla shares have lifted from US$13 to US$175.
2. Nvidia
If Tesla is the name you think of when talk shifts to electric cars, when it comes to artificial intelligence or AI, most think about Nvidia. Nvidia is best known for producing the speedy processors that permit faster problem solving. And that has provided it with a key advantage over other processors in the field of artificial intelligence or AI.
Shares in Nvidia are near record highs and over 2024 shares are up by 90%. Over the past five years Nvidia shares have lifted from US$36 to US$943.
3. Apple
Apple has been a household name around the globe for at least the past 30 years. It all started with its innovative computers, then iPods, iPhones…and you know the rest. Now the challenge for the company is to stay relevant at a time when artificial intelligence (AI) is the buzzword, with established tech companies, such as those in the so-called Magnificent Seven, battling for supremacy.
Shares in Apple are around 4% below record highs and over 2024 shares are down around 1%. But over the past five years Apple shares have lifted from US$45 to US$190.
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