If You'd Invested $1,000 In Nvidia Stock 15 Years Ago, Here's How Much Profit You'd Have Built Year After Year
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) has been a top performer in the S&P 500, driven by its leadership in AI technology. The company's Data Center business, which now accounts for 87% of its revenue, has seen a 427% year-over-year growth. Nvidia's stock has surged 730% since the start of 2023 and 144% this year. A $1,000 investment in Nvidia in 2008 would be worth $260,631.68 today, reflecting a 25,963.17% return.
June 10, 2024 | 10:11 am
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Nvidia's stock has surged due to its leadership in AI technology and significant growth in its Data Center business. The stock has gained 730% since the start of 2023 and 144% this year. Nvidia's Data Center revenue grew 427% year-over-year, now accounting for 87% of total revenue.
Nvidia's significant gains in stock price are attributed to its dominant position in the AI market and the explosive growth of its Data Center business. The company's strong performance and future potential in AI make it a highly relevant and important stock for investors.
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