Nvidia’s Extended Sprint: The rally in Nvidia’s stock gained momentum since it broke above the Nov. 2021 peak in May 2023. It all started with the unveiling of OpenAI’s ChatGPT chatbot, which quickly caught on like wildfire and clarified the immense potential that AI offered.
The stock has gained 730% since the start of 2023 and more than 144% this year.
And what’s more. Analysts and industry experts say the AI revolution is only in its first leg and will play out over the next three to five years.
See Also: Best Artificial Intelligence Stocks
Returns From Nvidia: If an astute investor had made a hypothetical $1,000 bet in Nvidia in 2009, he would have made a kill with his investment.
Source: Benzinga
A $1,000 invested in Nvidia at the end of 2008 would have fetched about 5,263.16 shares (based on a split-adjusted price of $0.19 on Dec. 31, 2008). Here’s how much these 5,263.16 shares would have been worth at the end of each subsequent year.
If the investor held the shares until 2023, his return over the 15-year timeframe would have been 25,963.17% over and above what he invested.
In premarket trading, Nvidia shares fell 0.61% to $120.15, according to Benzinga Pro data, as the stock begins trading on a split-adjusted basis.
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