5 Best Performing S&P 500 Stocks in the Last 10 Years

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 89

10-Year Share Price Gains as of January 18: 6,160%

NVIDIA Corporation (NASDAQ:NVDA), a California-based provider of graphics, semiconductors, computing, and networking solutions, is one of the best performing S&P 500 stocks over the last ten years. The shares have garnered 10-year share price gains of 6,160%. 

On January 11, KeyBanc analyst John Vinh maintained an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) but lowered the firm’s price target on the shares to $220 from $230. Bank of America on January 11 maintained its Buy recommendation on NVIDIA Corporation (NASDAQ:NVDA) and several other semiconductor companies after data indicated that major hyperscalers are forecasted to grow cloud spending in the near-term.

According to Insider Monkey’s data, 89 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA) at the end of September 2022, compared to 84 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is a prominent stakeholder of the company, with 12 million shares worth $1.5 billion. 

Ave Maria made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2022 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) Corporation primarily designs and sells the accelerated computer hardware and software that is indispensable for autonomous vehicle, gaming, and artificial intelligence applications. Near term uncertainty from the crypto market correction and the semiconductor cycle have weighed on shares and offered an attractive entry point for long-term investors.”

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