Imagine turning a modest investment into a fortune in just one year. This is not a guess for those who invested in Nvidia a year ago.
Thanks to the AI boom, Nvidia stock soared from $232.86 to an astonishing $785, making it a beacon of the tech industry’s explosive growth potential.
This journey from gaming chips to AI market domination has not only redefined Nvidia, but also its investors’ portfolios.
To invest correctly, benefit from 24-hour support from experts on the number 1 platform in France (Source: financial statements published in October 2022):
IG is a cutting-edge platform on which you can invest in products related to the stock market, raw materials, cryptocurrencies, etc. Investing involves risks, gains are not guaranteed.
A growing business since COVID
Nvidia, initially known for its graphics chips in the gaming sector, has repositioned itself toward the data center market in recent years, capitalizing on the expansion of the cloud and the gaming craze during the pandemic.
More than half of its income now comes from this activity. The rise of generative AI, exemplified by the success of ChatGPT, has increased interest in its GPUs, with Nvidia controlling around 80% of the GPU market, essential for AI data processing. These components are crucial for efficient execution of AI-related calculations.
Better results than expectations
Nvidia’s market value has reached $1.94 trillion, positioning it among the most valuable American companies, thanks to its central role in the rise of AI, which is redefining various industrial and technological sectors.
In 2023, the company’s turnover will explode as well as its net profit. With a turnover of 61 billion dollars for a net profit of 30 billion dollars, the figures are dizzying.
The massive investment in AI, expected to represent nearly 1% of US GDP by 2030, demonstrates the growing importance of this technology and Nvidia’s leading role in this area.
The stock market opportunity of the decade?
Nvidia’s value last year was $232.86 and today it has reached $785, representing an exceptional increase of more than 237%.
This represented an incredible opportunity for investors who knew how to read the situation.
To invest correctly, benefit from 24-hour support from experts on the number 1 platform in France (Source: financial statements published in October 2022):
IG is a cutting-edge platform on which you can invest in products related to the stock market, raw materials, cryptocurrencies, etc. Investing involves risks, gains are not guaranteed.
If you had purchased on February 24, 2023, how much would you have today?
| Number of shares purchased | Initial value ($) | Current value ($) | Profit ($) |
|---|---|---|---|
| 5 | 1,164.30 | 3,925 | 2,760.7 |
| 10 | 2,328.60 | 7,850 | 5,521.4 |
| 20 | 4,657.20 | 15,700 | 11,042.8 |
| 40 | 9,314.40 | 31,400 | 22,085.6 |
These results clearly show the monumental impact of Nvidia’s rising stock price on investments made a year ago.