14.12.2024 10:05:00
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Meet the Best-Performing S&P 500 Stock This Year. It's New to the Index, and You Won't Believe What Wall Street Expects From It in 2025.
The S&P 500 (SNPINDEX: ^GSPC) soared from the very start of the year, confirming its presence in a bull market and going on to reach record high after record high. And today, the benchmark continues this momentum, now heading for an annual gain of more than 27%. That follows last year's 24% increase, marking two fantastic years for investors.Technology companies have contributed significantly to the movement, as investors poured into those winning in the area of artificial intelligence (AI). With AI's promise to revolutionize many industries, investors have been eager to get into the space early -- and maximize their gains. And it just so happens that this year's best-performing S&P 500 company is one that launched a major AI-powered platform just a year ago.Though this company has been around for about 20 years, its growth has truly taken off in recent times, with earnings reaching records. This player has done so well that the S&P 500 invited it to join this year, and it entered in September.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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