Surprise! 3 Stocks That Are Outperforming Nvidia in 2024.

Group 1: Nvidia and Market Performance - Nvidia has seen its stock increase by 200% over the past year and over 800% since the release of ChatGPT, highlighting its prominence in the AI sector [1] - Despite Nvidia's impressive gains, there are other stocks outperforming it, such as Vital Farms and Redwire [1][6] Group 2: Vital Farms - Vital Farms has experienced a stock increase of 198% in 2024, surpassing Nvidia's 149% gain during the same period [3] - The company faced flock losses due to avian flu outbreaks but has a network of 300 family farms to mitigate damage [4] - Vital Farms is performing significantly better than Cal-Maine Foods, the largest egg producer in the U.S., which has only seen a 6% stock increase this year [5] Group 3: Redwire - Redwire, a manufacturer of space infrastructure, has seen its stock rise by 152% this year [6] - The company provides critical components for NASA and other space agencies and was recently awarded a contract from DARPA [7][8] - Although Redwire is still producing losses on a GAAP basis, it has generated positive free cash flow for the first time, indicating potential for long-term profitability [9] Group 4: Novavax - Novavax has seen a stock increase of 163% in 2024, primarily due to a partnership agreement with Sanofi worth up to $1.2 billion [15][16] - Despite the stock increase, the market for COVID vaccines has diminished significantly, with Novavax holding a small market share [16][17]