Nvidia Corp.’s (NVDA) stock has soared over the past few months, significantly outperforming the S&P 500 and rising by approximately 135.3% in comparison to the S&P’s gain of about 3.7%. Hedge funds and institutions were both actively buying the stock in the first quarter, resulting in this technology company being added to the WhaleWisdom WhaleIndex on May 18, 2020.
DexCom Inc. (DXCM) had a reasonably strong start in 2020, outperforming the S&P 500 over the past five months, rising by approximately 66.6% in comparison to the S&P 500’s loss of about 1.14%. The strong start and investor demand have gotten the shares added to the WhaleWisdom WhaleIndex.
Taiwan Semiconductor Manufacturing Co. Ltd.’s (TSM) stock has outperformed the S&P 500 by a wide margin over the past year Taiwan Semi has risen by approximately 63% during this period, an impressive gain when compared to the S&P 500’s increase of around 27%.
Broadcom Inc. (AVGO) has had an active 2019 with the shares surging by over 24%, keeping pace with the S&P 500, which has gained by over 25%. The stock is currently sitting near its all-time highs and could be heading higher as it continues to transform away from being a solely low margin semiconductor business into one with higher-margin software applications.
Etsy Inc. (ETSY) has risen by just over 19.3% in 2019, slightly ahead of the S&P 500’s gain of 17.8%. But the stock fell sharply in the second quarter, after reporting better than expected earnings on weaker than forecast revenue. It appears that the pullback in the equity was used as an opportunity by hedge funds to pick up the stock.