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Rolls-Royce (LSE: RR) has become a FTSE 100 juggernaut, there’s no other way to describe it now. The shares jumped another 10% today (31 July) after the engine maker hiked its profit guidance yet again.
It means the company is now the fifth largest on the London Stock Exchange, with a £92bn market cap.
Interestingly, this latest rise means Rolls is outdoing Nvidia stock, with an incredible year-to-date gain of 89% versus 39% for the AI chipmaker. It’s also outperforming over one (+137%) and three years (+1,100%).
Nvidia still wins out across five years (+1,600%), but Rolls is catching up (+1,200%).
Back in March 2023, I wrote: “I’ve become increasingly bullish on Rolls. In fact, I think we could be in the foothills of a massive multi-year turnaround in the share price.”
Note the words “multi-year turnaround”. We’re only two and a bit years on and the…
