If You Invested $1,000 in Nvidia's IPO, This Is How Much You Would Have Today
Jensen Huang, Chris Malachowsky, and Curtis Priem founded Nvidia (NASDAQ: NVDA) in 1993 as a graphics card company to supply chips for personal computers (PCs) which were gaining traction as gaming and multimedia devices at that time. It is safe to say that the semiconductor giant has evolved quite a bit over the 20 years that followed.
Nvidia's graphics cards are now employed in a variety of areas, including PCs, workstations, supercomputers, data centers, vehicles, artificial intelligence applications, and medical applications, among others. The chipmaker's growth in multiple verticals resulted in terrific gains since it made its stock market debut nearly 24 years ago on Jan. 22, 1999.
A $1,000 investment in Nvidia stock at that time is now worth around $364,000, assuming the dividends were reinvested. That translates into an impressive annual return of nearly 28% since the company went public.
Source Fool.com
