Nvidia: $1000 Invested During IPO Is Worth This Much Today
Nvidia (NVDA) recently overtook Microsoft as the most valuable company in the world, with a market cap of $3.34 trillion. NVDA is trading at $135.58, a 3.51% increase on Wednesday. The company’s value has grown almost nine times in the last two years, largely due to AI (artificial intelligence) product advancements. NVDA’s price has surged by 170% in 2024 alone. Also Read: Nvidia Surpasses Microsoft as World’s Most Valuable Company Nvidia went public in 1999, almost 25 years ago. During its IPO (Initial Public Offering), NVDA was trading for around $12 per share. If you invested $1000 in NVDA in 1999, you would have received 83 shares. The value of 83 NVDA shares today is worth around $11,253, a rise of about 1025%. Will Nvidia continue to surge? Source: CNBC The American tech company currently dominates the AI chip market. Investors believe NVDA’s price will continue to rise, given the growing use of AI in daily life. The company’s graphics ...