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NVIDIA has been the best performing component of the S&P 500 index this year, with a total return of 197.8 per cent up to the end of September.
After that blistering run, the chipmaker – widely seen to be at the epicentre of the rise of artificial intelligence – now has a market capitalisation north of US$1 trillion.
Only two other S&P 500 index component stocks managed to chalk up triple-digit percentage returns during the same period: Facebook’s parent company Meta Platforms returned 149.5 per cent, while electric vehicle maker Tesla returned 103.1 per cent.
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