If You Invested $1,000 In NVIDIA Stock When Jensen Huang Got Company Logo Tattoo, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
NVIDIA Corporation (NASDAQ:NVDA) has seen its market capitalization exceed $1 trillion, driven by a surge in artificial intelligence interest. CEO Jensen Huang's wealth increased by $30.2 billion in 2023, making him the 29th richest person globally. NVDA shares gained over 200% in 2023, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY). A $1,000 investment in NVDA in 2014, when Huang revealed his company logo tattoo, would be worth $103,380.85 today, compared to $2,400.83 if invested in SPY. Similarly, a $1,000 investment in NVDA in 2017 would be worth $8,917.17 today, versus $1,827.64 in SPY.
January 04, 2024 | 4:56 pm
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POSITIVE IMPACT
NVIDIA Corporation's stock has significantly outperformed the market, with a 200% gain in 2023 and a market cap over $1 trillion. Early investments in NVDA have yielded returns over 10,000% since 2014.
The article highlights NVIDIA's exceptional performance and market cap milestone, which is likely to continue attracting investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) is used as a benchmark in the article, showing that a $1,000 investment in SPY would have yielded significantly lower returns compared to NVDA over the same periods.
SPY is mentioned as a comparison to NVDA's performance. While SPY's returns are positive, they are not as extraordinary as NVDA's, which may not significantly impact SPY's price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50