Four Charts Of Must-See Large Cap Stocks That Have Already Doubled In 2023

The stock prices of four large-cap U.S. companies have doubled so far this year, marking mind-boggling performances for such a short timeframe and substantially outperforming the broader stock market, according to Benzinga Pro data.

While the Invesco QQQ Trust Series 1 QQQ is up 25% so far this year, shares in Symbotic Inc. SYM, NVIDIA Corporation NVDA, DraftKings Inc DKNG, and Meta Platforms Inc. META are all up more than 100%.  

Chart: Symbotic Shows An Impressive Growth In 2023

• Symbotic's stock price has skyrocketed 146% so far in 2023, reaching an all-time high of $32 per share on April 24.
• It is currently trading 90% above its 50-day moving average (dma) and 23% higher than the 200-dma. 
• The company reported better-than-expected results in the first quarter, with both EPS and sales topping analysts' forecasts 
• Revenues have risen 74% from a year ago, and analysts expect the company to post positive annual EPS in 2024.
• See also: Analyst Ratings, Price Targets, Prediction on Symbotic 

Chart: NVIDIA's AI-Driven Gains Defied Gravity

• NVIDIA's stock price has climbed 111% so far in 2023 to $313, moving just 10% far off the all-time high at $346 hit in November 2021.
• NVDA is currently trading 54% above its 50-dma and 15% higher than the 200-dma. 
• The semiconductor company reported better-than-expected results in the first quarter, with both EPS and sales topping analysts' forecasts. 
• EPS is up 35.8% year-over-year, while revenues are up 11.3%.
• See Also: Analyst Ratings, Price Targets, Prediction on NVIDIA Corp

Chart: DraftKings Doubled In 2023, But It's Still 65% Lower Than Its ATH

• DraftKings's stock price has risen 105% so far in 2023 to $24 but still remains about 65% lower than its all-time highs set in March 2021. 
• DraftKings is currently trading 43% above its 50-dma and 18% higher than the 200-dma. 
• The gaming company reported better-than-expected results in the first quarter, with both EPS and sales topping analysts' forecasts. 
• Revenues rose 41% from a year ago, and analysts expect the company to post positive yearly EPS in the 2025 fiscal year.
• See Also: Analyst Ratings, Price Targets, Prediction on DraftKings

Chart: Recall META At $88? It Has Almost Tripled From There

• Meta Platforms' stock price has nearly doubled so far in 2023, posting an astonishing 168% increase from October 2022's lows at $88 to the current $242. 
• META is currently trading 13% above its 50-dma and 53% higher than the 200-dma. 
• The social media giant reported better-than-expected results in the first quarter, with both EPS and sales topping analysts' estimates. 
• EPS is up 34% year-over-year, while revenues are up 8%.
• See Also: Analyst Ratings, Price Targets, Prediction on Meta Platforms 

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