Here's How Much a $1,000 Investment in Nvidia Stock 10 Years Ago Would Be Worth Now | Canada News Media
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Here’s How Much a $1,000 Investment in Nvidia Stock 10 Years Ago Would Be Worth Now

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8 months ago

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BING-JHEN HONG / Getty Images

Buying and selling stocks is one of the most common ways to get a significant return on your investments. One technology stock, in particular, has seen tremendous growth over the past 10 years.

Nvidia (NVDA) is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Nvidia’s focus has shifted from PC graphics to the new frontiers of artificial intelligence (AI), virtual reality (VR) platforms, and high-performance computing (HPC). As reported by Zacks Equity Research, the Santa Clara, CA-based company reported revenues of $26.97 billion in fiscal year 2023. This is a small increase from $26.91 billion in fiscal year 2022.

If you were wise enough to hang onto your initial investment, here’s how much you’d have today if you invested $1,000 in 2014.

Nvidia Investment 10 Years Later

In February 2014, Nvidia’s stock price was around $4.59 per share. A $1,000 investment made in February 2014 would be worth approximately $151,046.70, or a gain of 15,004.7%, as of February 5, 2024. This incredible return excludes dividends but includes price increases.

To put this into perspective, the S&P 500 gained 165.8% and the price of gold went up 54.5028% during the same period. A $1,000 investment in Nvidia in 2014 would have yielded you exponentially more than the same $1,000 investment in the S&P 500 or gold during the same period. As of February 5, 2024, Nvidia’s stock price is around $694 per share.

Nvidia’s Further Upside Potential

There’s even more upside forecasted for Nvidia as they explore artificial intelligence technologies, make headwinds into advanced computing, and even advance toward developing autonomous vehicles in collaboration with luxury automakers like Mercedes-Benz and Audi.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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3 days ago

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

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1 week ago

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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1 week ago

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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