We recently announced a list of 11 companies participating in Friday Rally leading the technology, energy and aviation industries. In this article, we’ll take a look at how Nvidia Corporation (NASDAQ:NVDA), which led Friday’s rally, stands compared to other companies in the technology, energy, and aviation sectors.
Wall Street’s major indexes closed in green territory on Friday amid a series of catalysts boosting investor appetite.
The Dow Jones Industrial Average rose 0.80%, while the S&P 500 and Nasdaq Composite rose 1.26% and 1.77%, respectively.
Eleven companies, mainly in the technology, energy and aviation sectors, posted notable gains. Here’s why:
To come up with Friday’s top gainers, we only considered stocks with a market capitalization of at least $2 billion and a daily trading volume of $5 million or more.
A close-up view of a colorful high-end graphics card connected to a gaming computer.
Nvidia Corporation (NASDAQ:NVDA) stock rose for the second day in a row on Friday, rising 4.45% (6.16 points) to close at $144.47 per share.
Investors bought up the company’s stock ahead of the Consumer Electronics Show (CES) 2025, which will be held in Las Vegas from January 7 to 10, analysts said.
Artificial intelligence is expected to be a major theme at the show, with NVDA founder and CEO Jensen Huang expected to introduce AI chips such as desktop graphics processing units.
Nvidia (NVDA) has been the go-to provider of powerful server processors for AI applications since the current generative AI boom began with the release of ChatGPT chatbot from OpenAI in November 2022.
Overall, NVDA ranks 11th on the list of technology, energy and aviation companies that led Friday’s rally. While we recognize NVDA’s potential as an investment, we believe AI stocks are more likely to deliver higher returns and do so in a shorter time frame. If you’re looking for AI stocks with more promise than NVDA, but trading at less than 5x earnings, check out our report on the cheapest AI stocks.
Read next: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks, According to BlackRock
Disclosure: None. This article was originally published on Insider Monkey.
