If You Invested $1000 In Nvidia When It Released The World's First Official GPU 25 Years Ago, Here's How Much You'd Have
Portfolio Pulse from Rounak Jain
Nvidia Corp. (NASDAQ:NVDA) has seen a nearly 50% increase in stock price in the first six weeks of 2024, driven by the AI buzz. The company, known for its GPUs, is now competing closely with Amazon and Google in market cap. Nvidia's GPUs, crucial in gaming, cryptocurrency mining, and now AI, have been instrumental in the company's growth. The GeForce 256, launched in 1999, was Nvidia's significant contribution, marking the introduction of the world's first GPU. Nvidia's stock has surged 151,261% since its first GPU launch, significantly outperforming the Nasdaq and S&P 500 indices. CEO Jensen Huang's wealth has also increased by nearly 50% in 2024, reaching $63.8 billion.
February 14, 2024 | 12:17 pm
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Nvidia's stock has surged nearly 50% in the first six weeks of 2024, driven by the growing interest in AI. The company's GPUs, crucial across various industries, have been a significant factor in its growth. Nvidia's stock has seen a 151,261% increase since the launch of its first GPU in 1999.
The surge in Nvidia's stock is directly attributed to the company's significant role in the AI sector and its historical performance since launching the world's first GPU. The article highlights Nvidia's growth and its competitive positioning against tech giants, indicating a strong positive outlook.
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