The NASDAQ 100 $QQQ closed the week down 1.4% ending its run of 8 straight Green weeks, its longest win streak since March 2019. Below, we’ll review the NASDAQ 100’s performance, track $QQQ’s winning streak, and break down the best performing NASDAQ stocks in 2023.
The NASDAQ 100 index is widely regarded as a barometer for the technology sector and includes a diverse range of innovative non-financial companies.
Over the last few months, the NASDAQ 100 has experienced a substantial rally, driven by strong corporate earnings, a rebounding macroeconomic environment, and an increased focus on artificial intelligence. This rally propelled $QQQ, the ETF tracking the NASDAQ 100, to an exceptional eight-week winning streak, capturing the attention of investors and market observers alike.
However, the $QQQ’s green streak came to an end last week, as the ETF put in its first red candlestick in nearly two months.
After a sustained period of gains, a temporary pullback was not unexpected, and it serves as a reminder that market trends are rarely linear.
Best Performing NASDAQ 100 Stocks in 2023
In 2023, several NASDAQ 100 stocks have stood out based on their remarkable growth year-to-date.
A leader in the latest AI boom, Nvidia ($NVDA) soared by 188.8% since the beginning of the year, capitalizing on its dominance in graphics processing units (GPUs).
Meta, formerly known as Facebook ($META), has also grown by 139.9% in 2023, thanks to its vast user base and diversified revenue streams.
Another one of the best stocks to buy in 2023, Tesla ($TSLA) has exhibited impressive growth since the beginning of the year. The electric vehicle company has watched its share price skyrocket by 108.3%, solidifying its position as a leader in the EV market.
Check out the best-performing NASDAQ 100 stocks so far in 2023 below.
- Nvidia, $NVDA — +188.8%
- Facebook, $META — +139.9%
- Tesla, $TSLA — +108.3%
- Palo Alto, $PANW — 74.8%
- Advanced Micro Devices, $AMD — +69.9%
- Marvell, $MRVL — +56.1%
- Align, $ALGN — +55.9%
- Seagren, $SGEN — +54.2%
- Amazon, $AMZN — +54%
- Broadcom, $AVGO — +47%
- Copart, $CPRT — +46.5%
Note: All returns as of June 23, 2023
How To Buy The Best NASDAQ 100 Stocks In 2023
In 2023, the best investing apps make it easy to buy and sell stocks in Canada.
In just four easy steps, residents can receive free cash to invest in the best NASDAQ 100 stocks and start their journey toward financial freedom.
At Questrade, new users can simply sign up, add funds, make a trade, and receive a $50 trade commission cash rebate to buy the best tech stocks and ETFs.
Check out our step-by-step guide on how to buy stocks in Canada.
- Click here to sign up for a Questrade account
- Fill out the required documents with accurate personal information
- Add funds to your Questrade account
- Receive a $50 trade commission rebate to invest in the best NASDAQ 100 stocks
