And here you thought this year's stock market was all about Big Tech. Sure Nvidia , the leading artificial intelligence play, has rallied 17% in the third quarter. And Google-parent Alphabet is higher by 14% just since June 30. But little Chicago-based Telephone & Data Systems — the parent of U.S. Cellular, with a market value just 0.18% of Nvidia's — has far and away scored the biggest stock market gain this quarter, soaring 161%.
SPX mountain 2023-06-30 Telephone & Data Systems vs Nvidia, Alphabet and S & P 500 since June 30, 2023 To say Telephone & Data Systems is marked by humble beginnings is an understatement. Leroy Carlson founded the company in 1969 when he assembled 10 small, rural Wisconsin phone companies into one. Although it grew to include 39 companies in 17 states by 1974, it didn't even have 100,000 customers until the following year. U.S.
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