The Stock That's Quietly Outperformed NVIDIA 3-to-1 Since 2023

"The most magnificent of the Magnificent Seven, NVIDIA ( NASDAQ:NVDA | NVDA Price Prediction) isn't just a king; it's a kingmaker in the financial markets. As a standout designer of processors powerful enough to handle artificial intelligence (AI) workloads, NVIDIA reigns supreme among recognized U.S. businesses in terms of multi-year share-price performance. That being acknowledged, at least one stock has beaten NVDA on a percentage-gain basis during a specific lookback period. And while some analysts continue to foresee vast returns for NVIDIA stock, another asset may have greater momentum for a follow-through move."

"It's incontrovertible that NVDA stock is an out-and-out winner over the past five years. Unless we venture far from the more established realm of mid-to-mega-cap stocks, we'd be hard-pressed to find a rival to NVIDIA's 1,174% five-year share-price return. Not everyone wants to look back that far, however. If more recent data is more relevant today, then we can focus in on the past three years and see if there's a stock worth buying that quietly surpassed the almighty NVIDIA."

"Lo and behold, such a stock exists and while it's fairly well known, it's certainly not a mega-cap superstar on the level of NVIDIA. The mystery stock in question is AppLovin ( NASDAQ:APP), a technology pick that benefited from the AI revolution much like NVIDIA did. Here's what we get when we crunch the numbers. NVIDIA stock ran from roughly $15 to $188 in three years for a seemingly unbeatable gain of 1,153%."

NVIDIA designs processors capable of handling AI workloads and has delivered exceptional multi-year share-price gains, including about 1,174% over five years. NVIDIA also rose from roughly $15 to $188 over three years, a gain near 1,153%. A smaller technology stock, AppLovin (APP), benefited from the AI revolution and outperformed NVIDIA on a three-year percentage basis despite receiving far less headline attention. AppLovin is not a mega-cap like NVIDIA but shows momentum that could support a follow-through move. The comparison highlights differing time-frame leadership between a dominant AI-chip maker and a fast-moving growth stock.

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