NVDA, TSLA, GOOGL: U.S. Stocks Post Best May Performance Since 1990

There’s a saying on Wall Street called “sell in May and go away” that refers to the tendency for equities to decline during the month. But not this year.

As May 2025 draws to a close, the S&P 500 index is on pace for its best monthly performance since 2023. The benchmark index is also on track for its biggest gains during the month of May since 1990, according to Dow Jones Market Data. On the last trading day of the month, the S&P 500 is up 6% this May after plunging nearly 20% in April as U.S. President Donald Trump unveiled his tariff policies.

Other U.S. indices also registered strong gains during May 2025, with the Nasdaq Composite index gaining nearly 10% as major technology names such as Nvidia (NVDA), Tesla (TSLA), and Alphabet (GOOGL) rebounded strongly from their April lows. NVDA and TSLA stocks each rose more than 20% in the month. The blue-chip Dow Jones Industrial Average increased 4% in May of this year.

Reversal of Fortune

For U.S. equities, May has represented a big turnaround after the S&P 500 declined for three consecutive months. As President Trump eased many of his tariffs and entered into trade negotiations with different countries, including China, it has injected renewed confidence into the markets, say analysts.

At the same time, economic data out of the U.S. has remained strong and showed signs of resilience. On May 30, the last trading day of the month, data showed that U.S. inflation declined to an annualized rate of 2.1% in April, lower than the consensus expectation of economists.

Is GOOGL Stock a Buy?

The stock of Alphabet has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 29 Buy and nine Hold recommendations issued in the last three months. The average GOOGL price target of $199.14 implies 17.31% upside from current levels.

Read more analyst ratings on GOOGL stock