The Best Performing Stocks in Q1 2023: From Tesla to Meta

Stocks that show the biggest price increase in multiple timeframes are considered to be the best-performing stocks. To understand its working, thorough research and understanding of the business is a must. Quantitative and qualitative stock analysis should be made before investing in any of the stocks. 

Here is a list of some of the best-performing stocks in 2023:

Nvidia 

Jensen Huang, the Nvidia Chief Executive Officer, declared a new supercomputer, software, and services for generative AI. These new advancements can create content, write articles and analyze a large amount of data. Also, it can write the computer programming language. This new advancement may enhance the value of the company’s stock. 

The production is growing to meet the demand for technology. The tech industry is seeing AI dominance and those interested can dive into Nvidia (NVDA) stock.

Nvidia is on the right path to deliver outstanding revenue and earnings growth in the ongoing fiscal year. It has a market cap of 1.04 Trillion. Previously, it was closed at 423.17 and opened at 418.44. It has a volume of 29,641,200.

Tesla

This fundamentally strong electric vehicle company put a record performance in 2022. In the last few years, Tesla stock’s performance shows a huge move. The company’s escalation in sales and profit has proven that the business can grow over time. 

Tesla’s stock collapse in 2022 is linked to all-time high revenue, earnings, and FCF. Tesla has done well in delivering its promises. Seeing the volatile nature of the company, it will likely continue to be a good long-term investment. It has a market cap of 876.494 Billion. Previously, it closed at 282.48 and opened at 278.09.

Meta Platforms

Meta platforms include apps like Facebook, Instagram, WhatsApp, and Messenger. The major part of the company’s earnings comes from the digital ads running on its various sites and platforms. Though the company is dealing with Facebook’s daily users, it is still the leader in the social media space.

It has a market cap of 748.291 Billion. It had a previous close of 294.37 and opened at 295.89. It has a volume of 46,459,552.

AMD

Advanced Micro Devices (AMD) have enjoyed healthy gains in 2023, as the company shares have been up by 70% so far, and have surged the hope for the investors. The crash in personal computer sales was why AMD’s top and bottom lines shrunk in the first quarter. The demand for graphics processing units (GPUs) and the massive popularity of AI models led to the great demand for AMD. One of its leading products, MI300X’s generative AI GPU is equipped with 192 gigabytes (GB) of memory.

AMD has a market cap of 182.744 Billion. It has a previous close of 113.95 and it opened at 112.07. It has a volume of 41, 276,909.

General Electric

General Electric’s stock has shown a 59% growth so far in 2023. The greater demand in the aviation business leads to its price surge. It has a total market cap of 117.063 Billion and a precious close of 108.65 with an opening at 108.01. It has a volume of 3,522,970.

Summary

Before selecting any stock to invest in, it is always good to select companies with a favorable net debt position and who are raising their net margins. One should always pay attention to the companies that are leading the industry.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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