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Buying and selling stocks is one of the most popular ways to make big profits from your investments. One technology stock in particular has experienced tremendous growth over the past decade.
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Nvidia (NVDA) is a world leader in visual computing technology and the inventor of the graphics processing unit (GPU). Nvidia’s focus has shifted from PC graphics to new frontiers in artificial intelligence (AI), virtual reality (VR) platforms, and high performance computing (HPC). The Santa Clara, California-based company is expected to report revenue of $26.97 billion in fiscal year 2023, according to a report by Zacks Equity Research. This is a slight increase from $26.91 billion in fiscal year 2022.
Here’s how much money you’d have today if you invested $1,000 in 2014, if you were smart enough to stick with your initial investment.
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Investing in Nvidia in 10 years
In February 2014, NVIDIA’s stock price was approximately $4.59 per share. His $1,000 investment made in February 2014 would represent approximately $151,046.70 as of February 5, 2024, or a gain of 15,004.7%. This impressive return does not include dividends, but it does include price appreciation.
To put this into perspective, over the same period the S&P 500 rose 165.8% and the price of gold rose 54.5028%. If he invested $1,000 in Nvidia in 2014, he would have earned exponentially more than if he had invested the same $1,000 in the S&P 500 or gold during the same period. As of February 5, 2024, Nvidia’s stock price is approximately $694 per share.
Further upside potential for Nvidia
A further turnaround is expected as Nvidia explores artificial intelligence technology, creates headwinds in advanced computing, and moves forward with self-driving car development in collaboration with luxury automakers such as Mercedes-Benz and Audi. It is predicted.
GOBankingRates Details
This article originally appeared on GOBankingRates.com: How much is your $1,000 investment in Nvidia stock from 10 years ago worth today?
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