These are the biggest Nasdaq winners of 2023. Where analysts see them going
If 2023 has one winner, it's technology. Among this group, CrowdStrike Holdings and Nvidia are some of the standout players, as they're some of the names that have seen their share price more than double — and even triple — over the past 12 months amid the broader tech rally. These names are part of the Nasdaq-100 , which tracks the 100 largest nonfinancial companies in the Nasdaq Composite by market capitalization. The index has popped about 56% this year, and is up 14.7% this quarter alone, as tech companies' eye-popping gains have continued to propel the market's growth this year. By comparison, the broader Nasdaq Composite has added about 44% in 2023. CNBC Pro screened for Nasdaq-100 stocks with the best performance this year, according to FactSet. Below is the full list of winners and what analysts think about them. From the list, cybersecurity company CrowdStrike and chipmaker Nvidia are the most loved by analysts. They're also both beneficiaries of the hype and advancements around artificial intelligence this year. The companies are buy rated by roughly 80% of analysts who cover each stock, according to FactSet, but Nvidia has a projected upside of 35.6% while analysts see a slight downturn in CrowdStrike's share price over the next year. CrowdStrike has popped more than 143% this year. As cybersecurity risks become increasingly sophisticated, the company's CEO George Kurtz has said that its generative artificial intelligence product can help better detect security threats. In addition to CrowdStrike's technology advancements, the executive said another tailwind to the company's business is the new regulation from the U.S. Securities and Exchange Commission that requires publicly traded companies to disclose breaches within four days. CrowdStrike remains on track to reach $10 billion in recurring revenue within seven years, Kurtz told CNBC earlier this month . Nvidia, meanwhile, has jumped roughly 236% in 2023, making the AI leader the crown jewel in the Magnificent Seven , with gains that far exceed the other big-name tech stocks in the group. It has also outperformed every other member of the S & P 500. Through the first three quarters of this year, Nvidia raked in $17.5 billion in net income, which was more than sixfold from a year earlier. While most analysts recommend investors grab more shares of Nvidia, some think it's due for a pullback. The stock could see a "negative surprise" in the first half of next year, according to recent technical analysis from UBS Investment Bank Advisory Sales. MongoDB , which joined the Nasdaq 100 on Dec. 18 as part of the index's annual reconstitution, is one of the more promising names for next year, from the list. It has a projected upside of more than 10% from analysts surveyed by FactSet. The company also has a consensus buy rating from nearly two-thirds of analysts covering the stock, which has popped 113% this year. Analysts are bullish on MongoDB's long-term growth given the company's ability to add more workloads, or programs that run on computers. MongoDB had added more customers in its fiscal first quarter than Wall Street had expected, and also raised its fiscal 2024 forecast for both revenue and income. "We see MongoDB as the best AI play in software infrastructure given its ever-expanding list of new workloads," Wells Fargo analyst Andrew Nowinski wrote in a Nov. 16 note initiating coverage of the stock. The company is well-positioned for solid margin expansion, which in turn will drive strong free cash flow growth." Other Nasdaq-100 winners this year include online food delivery platform DoorDash , also new to the index this month; semiconductor manufacturing company Broadcom ; and cybersecurity firm Zscaler .