These Are the 6 Top-Performing Stocks in the Nasdaq-100 With 2024 Almost Over

Source The Motley Fool

2024 has been a great year for investors. For example, the tech-heavy Nasdaq-100 market index has seen a year-to-date total return of 26%, as of Nov. 13.

Six stocks in that index have gained more than 70% this year. Here are the top performers on the Nasdaq 100 in 2024:

Nasdaq-100 Stock

Year-to-Date Return

Market Cap

Company Description

Nvidia (NASDAQ: NVDA)

197%

$3.6 trillion

AI accelerator chips

Constellation Energy (NASDAQ: CEG)

94.5%

$71.1 billion

Clean energy production

Arm Holdings (NASDAQ: ARM)

81.2%

$143.2 billion

Chipmaking services

The Trade Desk (NASDAQ: TTD)

77.5%

$72.9 billion

Optimized digital marketing campaigns

DoorDash (NASDAQ: DASH)

77.3%

$63.1 billion

Delivery services

Netflix (NASDAQ: NFLX)

71.2%

$356.4 billion

Streaming media services

Data source: Finviz and YCharts on 11/13/2024. Table by author.

These market-beating stocks took very different paths to the top in 2024:

  • Nvidia and Arm Holdings benefit from the ongoing frenzy for high-powered artificial intelligence (AI) systems.
  • The Trade Desk soars as the online advertising market swings back from a multiyear downturn.
  • Netflix and DoorDash are reaping the benefits of revamped service portfolios and refreshed consumer spending habits -- in very different industries.
  • Constellation Energy enjoys broad demand for clean energy and a refreshed interest in nuclear power.

Where will these Nasdaq-100 winners go next?

Only time will tell where these soaring stocks might go from here. That being said, Wall Street analysts expect all of them to continue climbing for a while. Every stock on this list has earned an average analyst recommendation of "buy" or better, despite soaring charts and lofty valuation ratios.

Therefore, if the Street projections are correct, this bull market should continue in 2025.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $24,113!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,634!*
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $447,865!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of November 11, 2024

Anders Bylund has positions in Netflix, Nvidia, and The Trade Desk. The Motley Fool has positions in and recommends DoorDash, Netflix, Nvidia, and The Trade Desk. The Motley Fool recommends Constellation Energy. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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