Meet the Top-Performing Stock in the Dow Jones in 2024. It's Soared 163% So Far This Year, and It's My Highest-Conviction Stock to Buy for 2025.

The Dow Jones Industrial Average is the oldest stock market index in the U.S. This price-weighted index tracks the performance of 30 of the largest publicly traded companies in the country. Its constituent companies span a variety of industries and sectors, and it's considered by many to be a dependable indicator for the health of the economy and of stock market performance in the U.S.Nvidia (NASDAQ: NVDA) is the most recent addition to the Dow, a move some investors thought was long overdue. The chipmaker joined the iconic index early last month and has gained 163% so far this year (as of this writing), making it the Dow's top performer.Despite its top-ranking performance, some investors have concerns about the future of artificial intelligence (AI) and Nvidia's seemingly frothy valuation. These questions have weighed on the stock, which is essentially flat over the past six months. While some investors are skittish, I'm not among them. In fact, Nvidia is my highest-conviction stock heading into 2025. Let's look at the available evidence to understand why Nvidia could still produce blistering gains for astute investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool