Nvidia stock: How the mega cap tech name performed in 2022

Yahoo Finance's Jared Blikre breaks down the year in review for Nvidia stock, one of Yahoo Finance's trending tickers for 2022.

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BRAD SMITH: Guys, we're counting out the days to the new year. And taking a look back at some of the trending tickers along the way, today's focus, Nvidia. Yahoo Finance's Jared Blikre joins us now. Jared.

JARED BLIKRE: Hi there. Well, looking at our top 10 here, Nvidia is number nine. That is nine, number nine, as of last Friday. And I'll tell you what, Nvidia has been a mainstay of the Yahoo Finance trending tickers for years. But it only topped out at about number four this year. And it did that on two separate occasions. I'm going to pull up a chart here in a second. First of all, Nvidia down about 2 and 1/2% today, just the latest news. Powell under fire here, and chip stocks under fire as a result of the Fed kind of amping up that hawkish rhetoric. We're going to take a look at the sector in a second.

But here's Nvidia over the last two years. This chart is going to look very familiar. Lots of pandemic era charts look like this. Here is the big rise in 2021, only to be met with a huge decline in 2022. Now, at the highs, Nvidia had a stock price of $384.33 with a market cap of $834.4 billion. And when we think mega-caps, don't usually think about Nvidia, but it actually surpassed Meta in market cap on February 7 of this year. So Nvidia was $618.2 billion that day. Meta, because it had one of its worst days in years-- it had a pretty bad year-- that was a day where it sunk to $612.2 billion.

Finally, at the lows of the year here, and that was only about a month and a half ago when the rest of the stock market bottomed here. We have Nvidia hitting a new 2022 low in market cap as well of $279.6 billion. And just looking at some of the mega caps overall, let's hear it. Here, we have-- this is an intraday picture of them, along with their market cap. So here is Nvidia at 411.6 million. You can see where it fits into the grand scheme of things. Bigger than Walmart, but still smaller than Exxon here. And we know that those energy stocks have been some of the year's biggest gainers.

And in fact, when we take a look at the year to date performance here, let me just lap that. We can see, indeed, Nvidia among some of the worst performers of the year here, down 44%. And I just mentioned Exxon-- what a contrast-- that's up 69%, but pretty much in the same group as Amazon and not quite as bad as Meta, guys.

BRAD SMITH: All right.

JARED BLIKRE: Comparison.

BRAD SMITH: Continuing to look back at some of the key performers of the year. Jared, appreciate the time.