These 10 Stocks are 80% of the S&P 500's Gains
Investors who bought 10 stocks after “Liberation Day” (April 2) gained between 1.2% and 127.4%. The 10 names accounted for nearly 80% of the S&P 500’s (IVV) gain.
Palantir (PLTR) gained 127.4%. The software provider of artificial intelligence solutions for the government expects $4.15 billion in revenue this year. It owes the 85% Y/Y growth to the commercial and government industries.
Broadcom (AVGO) gained 84% since April 2. Markets are not concerned about the European Union challenging its approved acquisition of VMware.
Oracle (ORCL) gained nearly 80%. The database giant plans to invest $3 billion over five years in AI and cloud infrastructure in Germany and the Netherlands. It will increase its Oracle Cloud Infrastructure in those places.
Nvidia (NVDA) gained 70.5%. Its customers are up by less. Microsoft (MSFT), up 38%, Meta Platforms (META), up by 33%, Alphabet (GOOG), up by 30% and Amazon (AMZN), up by ~20%. Those firms announced massive capital expenditure plans for AI hardware. This lifted NVDA stock since the April 2 low.
Among the Magnificent 7, Apple (AAPL) trailed with a 1.2% gain. Had CEO Tim Cook not announced another $100 billion of investments in the U.S., AAPL stock would have returned around -8.0%. Apple does not have an in-house AI solution, so investors are pricing in worsening growth this year.
