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Nvidia, defense sector stocks outperform Bitcoin in post-COVID era, data reveals

source-logo  crypto.news 23 April 2024 08:18, UTC

New research reveals Nvidia’s 180% surge in stock price, with BAE Systems and Meta closely trailing, while Bitcoin registers a conservative 8.26% increase in the post-COVID period.

A recent study conducted by Banking Methods has shed light on the dynamics of both stocks and cryptocurrencies, with a keen focus on Bitcoin‘s performance.

According to the findings, Nvidia emerged as the frontrunner in the list of best-performing investments, boasting an impressive 180% increase in value during the post-COVID period. The tech giant’s shares skyrocketed from $293 in 2021 to a staggering $822 in 2024, demonstrating its attractiveness to investors despite the volatile market conditions.

Nvidia, defense sector stocks outperform Bitcoin in post-COVID era, data reveals - 1
Stocks and crypto returns in the post-COVID period | Source: Banking Methods
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Following closely behind, defense and information security company BAE Systems secured the second spot with a 116.76% surge in stock price. Meanwhile, Meta (formerly known as Facebook), took the third position, experiencing an uptick of 49.50% in its stock price.

Microsoft, gold, Northrop Grumman, Lockheed Martin, and AeroVironment are also featured on the list, although their returns appear not so impressive compared to the top three stocks. In the meantime, Bitcoin’s in the post-COVID era was relatively modest, experiencing an 8.26% increase in value. And even though BTC outperformed many other altcoins such as Binance Coin (BNB), Solana (SOL), and Ethereum (ETH) among others, it was still placed in the 11th position, not making it into the top 10.

While Nvidia emerged as a standout performer, recent data from Google Finance indicates a slight downturn in its stock value, dropping by over 16% in the past month, from $950 to $795, raising questions about the sustainability of Nvidia’s growth trajectory in the long term.

Read more: Worldcoin hits $1b market cap as OpenAI, NVIDIA unleash bullish catalysts