The Prime 5 Performing Shares Throughout Biden’s Presidency

Whereas the Biden presidency wasn’t clean crusing for the inventory market (the S&P 500 fell almost 20% in 2022), the fairness market below the forty sixth president in the end got here out forward: the S&P 500 returned greater than 65% between Jan. 20, 2021, and Jan. 20, 2025.

In the beginning of the Biden presidency, the inventory market yielded sturdy returns as rates of interest remained low and the federal authorities offered financial stimulus to help Individuals. But in 2022, the market plunged when the Federal Reserve started rapidly mountaineering charges to tamp down on excessive inflation. When ChatGPT was launched in late 2022, enthusiasm for AI finally took over, boosting expertise shares.

We appeared on the shares that carried out one of the best (trace: most of them have been A.I.-related) throughout Biden’s presidency primarily based on complete return from Jan. 20, 2021, to Jan. 20, 2025. We analyzed solely shares included in no less than one main index: the S&P 500, Nasdaq Composite, or Dow Jones Industrial Common.

1. NVIDIA

Complete return: ~930%

NVIDIA (NVDA) inventory jumped greater than 900% in Biden’s time period, rising from $13.71 to greater than $137.

This Silicon Valley-based firm first launched its signature product, graphics processing items (GPUs), in 1999, which have been used to create pc graphics.

Many years later, these chips can be utilized to energy synthetic intelligence fashions like OpenAI’s ChatGPT, first launched in 2022. In response to the Wall Road Journal, NVIDIA accounted for greater than 80% of AI chip gross sales as of February 2024.

2. Tremendous Micro Laptop

Complete return: ~815%

Between 2021 and 2025, Tremendous Micro Laptop (SMCI) rose greater than 800%, notching an all-time excessive above $110 in March 2024, the identical month the inventory was added to the S&P 500 for the primary time.

Like NVIDIA, Tremendous Micro Laptop benefited from investor enthusiasm for A.I.: the Silicon Valley firm produces servers which are utilized in knowledge facilities that energy generative A.I.

Nevertheless, Tremendous Micro Laptop has confronted controversy. In 2024, quick vendor Hindenburg Analysis launched a report claiming that the corporate had made accounting errors, which impressed a Justice Division probe into the matter, in response to the Wall Road Journal.

Only a few years earlier, in 2020, the corporate had settled with the Securities and Trade Fee after an investigation into its accounting practices.

3. Vistra

Complete return: ~780%

Vistra (VST) jumped from simply over $20 in the beginning of 2021 to greater than $150 simply 4 years later, a greater than 750% improve. Like NVIDIA and Tremendous Micro Laptop, the inventory’s beautiful ascent could be chalked up, partially, to investor pleasure about AI.

This Texas-based energy firm offers pure gasoline, photo voltaic, and most significantly, nuclear energy. Nuclear energy has change into more and more well-liked with tech corporations because of the immense quantities of electrical energy required to energy the information facilities that AI methods depend on.

In consequence, tech corporations, comparable to Microsoft, are turning in the direction of nuclear energy as a extra environmentally pleasant choice (although nuclear energy nonetheless produces radioactive waste) in comparison with vegetation that burn fossil fuels.

4. Targa Assets

Complete return: ~683%

Targa Assets (TRGP) inventory rose greater than 650% between 2021 and 2025, rising from $28.77 to greater than $215. Included within the S&P 500, Targa Assets is a midstream pure gasoline firm working in two segments: gathering and processing, and logistics and transportation.n.

Like Vistra, Targa Assets is an influence firm that is been buoyed by curiosity in AI. Whereas tech corporations have expressed curiosity in various power choices to energy knowledge facilities, they’re more likely to be reliant on pure gasoline within the meantime. A 2024 Goldman Sachs report predicts that by means of 2030, 60% of energy for U.S. knowledge facilities will likely be generated by pure gasoline.

5. Technique

Complete return: ~620%

Technique, previously often known as MicroStrategy (MSTR), rose greater than 600% through the Biden presidency, rising from a worth of $57.70 to $396.50. The Virginia-based firm was based as a software program agency in 1989 however is now often known as a bitcoin proxy due to the big bitcoin holdings it purchases, beginning in 2020.

The corporate has change into one of many largest company holders of bitcoin and buys cryptocurrency with leverage, or borrowed cash. The corporate does this, partially, by issuing a sort of debt often known as convertible notes and issuing frequent and most well-liked inventory.

As a result of Technique is a ‘Bitcoin Treasury Firm’, the inventory worth fluctuates with adjustments within the worth of Bitcoin. The worth of bitcoin skyrocketed shortly after the 2024 Presidential election in November when President Trump received and traders anticipated a crypto-friendly administration. Between November 4 and November 20, 2024, Technique’s inventory rose greater than 100%.

The Backside Line

Regardless of market turbulence early in President Biden’s time period, shares tied to AI, power infrastructure, and cryptocurrency posted huge features. Corporations like NVIDIA and Tremendous Micro Laptop soared on the again of AI demand, whereas others, comparable to Vistra and Targa Assets, benefited from rising energy wants. Technique, a guess on bitcoin, surged with crypto optimism.

These prime performers underscore how market management shifted throughout Biden’s presidency to a tech- and energy-driven growth.