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Why NVIDIA Stock Soared 76% in 2019

TheMotleyFool

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NVIDIA (NASDAQ: NVDA) stock skyrocketed 76.3% last year, according to data from S&P Global Market Intelligence. Including dividends, the graphics-processing unit (GPU) specialist and artificial intelligence (AI) leader returned 76.9%. For context, the S&P 500 returned 31.5% in 2019.

This tech stock has made a commendable comeback after losing about half of its value in the last quarter of 2018. The reasons for the market's ire were the company's struggles in its gaming business due to the cryptocurrency bust and slowing growth in its data center platform. As of Jan. 7, NVIDIA stock is just 17% off its all-time closing high, set on Oct. 1, 2018.

Image source: Getty Images.

Source Fool.com

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