Have you ever thought about how much you would have made if you invested $1,000 in Nvidia 10 years ago? Nvidia Corporation is a worldwide technology corporation located in Santa Clara, California, that was founded in Delaware.
It creates graphics processing units for the gaming and industrial industries, and also chip (SoC) units for wireless technology and automotive applications.
NVIDIA is the creator of the GPU, which is used in laptops, workstations, portables, PCs, and other devices.
With the mobile game consoles Shield Portable, Shield Tablet, and Shield Android TV, as well as its cloud gaming service GeForce Now, Nvidia has strengthened its footprint in the gaming sector.
Nvidia’s CUDA application programming interface (API) allows developers to create systems that take advantage of GPUs. The company has now entered the mobile computing industry, producing Tegra mobile CPUs for mobile devices.
Jensen Huang (CEO as of 2020), a Taiwanese American, established Nvidia on April 5, 1993. Nvidia announced the GTX 1080 and 1070, the first GPUs in the GeForce 10 series, on May 6, 2016, based on the team’s current Pascal microarchitecture.
They officially revealed the Ampere GPU microarchitecture and the Nvidia A100 GPU accelerator on May 14, 2020. Nvidia also officially unveiled the GeForce 30 series on September 1, 2020, based on the newly launched Ampere microarchitecture.
If you’d invested 1,000 in NVIDIA Corporation (NVDA) on July 6, 2011, today the investment would be worth $54,489.70 with an annual rate of return of $49.09. You would have made a total profit of $53,489.70 with this investment.
Nvidia reported earnings of US $2.796 billion in fiscal year 2020, with yearly revenue of US $10.918 billion, a 6.8% decrease from the previous fiscal cycle.
Should You Invest in Nvidia?
NVIDIA stock recently reached an all-time high of $818.24, as the price continued to rise based on optimism about the company’s future success in the global market. The company’s market capitalization just surpassed $500 billion, and mega cap companies appear to be attracting investors’ attention.