If You'd Invested $1,000 in Nvidia Stock 5 Years Ago, Here's How Much You'd Have Today
Nvidia (NASDAQ: NVDA) has been a top stock for years, but it recently became a household name due its graphics processing units (GPUs) powering generative artificial intelligence (AI) applications. Demand for Nvidia's chips has skyrocketed, and that's reflected in soaring revenue and profits. Investors quickly pounced on the opportunity, and Nvidia stock is up 783% over the past two years.
Let's go back a little further and see where a $1,000 investment five years ago could have gotten you today.
Five years ago, generative AI was a concept strictly for tech people, but Nvidia was already a top chipmaker. It created the GPU in 1999 and transformed the gaming industry, and its chips are used in various industries for data computing, including scientific applications and automotive. Because generative AI can be intensely consumer-facing, Nvidia has become a recognizable symbol of its power.
Source Fool.com
