1 Artificial Intelligence (AI) Growth Stock That Created Many Millionaires, and Will Continue to Make More
The stock market is a wealth-generating machine over the long term, even for conservative investors who buy index funds. But absolute fortunes have come to investors who took a chance on the most innovative technology stocks over the past few decades.
Nvidia (NASDAQ: NVDA) was founded in 1993. It went public six years later in 1999 with a market valuation of $625 million. The company is now worth $1.2 trillion, and it has created most of that value on the back of its world-leading artificial intelligence (AI) chips for the data center.
Investors who bought Nvidia stock at its initial public offering (IPO) and held until now would be sitting on a capital gain of 193,508%. In other words, a mere $520 invested back in 1999 would be worth over $1 million today.
Source Fool.com
