Nvidia (NASDAQ:NVDA) has become an icon in the AI boom that we are witnessing and living today. Their AI chips’ market share has grown beyond 80%. Considering that their products were originally targeted at the gaming and graphics industry, the AI boom took them past the 1 trillion dollars valuation almost a year and a half ago. Only a year later they tripled their valuation to over 3 trillion dollars. Even with rising competition from Intel (INTC) and Advanced Micro Devices (AMD), Nvidia is still dominating the AI chips race. Nvidia’s founder and CEO Jensen Huang pledged that they will be introducing new AI chip every year instead of their previous schedule of new chip once every two years.
How much you’d have if you invested in Nvidia 10 years ago?
According to Stoculator’s stock calculator, a $1000 invested in Nvidia 10 years ago would be worth $283,419.90 today (as of November 18, 2024) with dividends reinvested. The dividends were distributed 40 times and would’ve been originally worth $312.52, reinvesting them would have resulted in owning stocks worth $11,019.51 today. The annual return rate of Nvidia stock for the last 10 years is 75.95%, with a total return rate of 28,241.99%.
A $1,000 invested in NVDA 5 years ago would be worth $26,827.83 (as of November 18, 2024), assuming that the dividends were reinvested. That's an annual return rate of 93.07% and a total return rate of 2,582.78%.
Stoculator's stock calculator could be used to calculate the return for any time period and any amount.
Should you still invest in Nvidia?
A company’s past performance shouldn’t be used as the sole indicator of its future performance. Do your own due diligence before picking individual stocks. Alternatively, you can invest in an ETF that follows the leading companies in AI as a safer bet on the future of AI.
The content of this article is for informational purposes only.