US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022.Everything from artificial intelligence hype to a rebound in cruise line travel helped drive performance.These were the top 10 performing S&P 500 stocks in the first half of 2023. Loading Something is loading.
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With the first half of the year in the books, investors have a lot to reflect on after the S&P 500 exited its 2022 bear market and entered a new bull market.
Stocks have surged as investors gain hope that inflation is easing and a potential recession is farther away than previously expected.
The S&P 500 has jumped nearly 15% year-to-date, while the Nasdaq 100 is up about 37%. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren’t only tech names.
From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023.
10. General Electric
General Electric reports strong earnings. Hussein Faleh/Getty Images Ticker: GE
Year-to-date gain: 64.8%
9. PulteGroup
A builder works on a home roof. Jenn Austin-Driver/Getty Images Ticker: PHM
Year-to-date gain: 69.8%
8. Norwegian Cruise Lines
Norwegian Cruise Line Ticker: NCLH
Year-to-date gain: 70.8%
7. Advanced Micro Devices
AMD CEO Lisa Su Steve Marcus/Reuters Ticker: AMD
Year-to-date gain: 71.8%
6. Palo Alto Networks
Smith Collection/Gado/Getty Images Ticker: PANW
Year-to-date gain: 81.5%
5. Royal Caribbean Cruises
The Blaster, Royal Caribbean Cruise Ships Royal Caribbean Press Ticker: RCL
Year-to-date gain: 105.5%
4. Tesla
Tesla launched its insurance product in 2019 Getty Images Ticker: TSLA
Year-to-date gain: 109.0%
3. Carnival Corporation
Cruise Image Library/Holland America Line Ticker: CCL
Year-to-date gain: 112.9%
2. Meta Platforms
Getty Images Ticker: META
Year-to-date gain: 134.0%
1. Nvidia
Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. Rick Wilking/Reuters Ticker: NVDA
Year-to-date gain: 179.3%