Nvidia stock price: Nvidia Corporation has surpassed Microsoft to become the world’s most valuable company, buoyed by a surge in its shares fueled by the growing artificial intelligence (AI) wave. Nvidia’s stock rose over 3 per cent on Tuesday, closing at $135.58 per share, which elevated its market valuation by $110 billion to $3.335 trillion.Ahmedabad Stock
This year, Nvidia’s stock has nearly tripled in value, significantly outpacing the 19 per cent rise in Microsoft’s sharesJaipur Investment. Nvidia Corp, which went public in 1999 at an initial price of $12 per share, has seen its shares multiply manifold, driven by the demand for gaming and innovative technology chips.
Investors who purchased Nvidia shares at its IPO in 1999 have seen remarkable returns. An investment of Rs 10,000 at that time, considering the rupee-dollar exchange rate of 43, would have bought about 19 shares. Over the years, Nvidia has rewarded its investors with multiple stock splits. Consequently, one share bought before the stock splits in 2000 has transformed into 480 shares today. Therefore, the 19 shares bought during the IPO would have evolved into 9,120 shares.
At the current trading price of $135 per share, these shares are now valued at $1.231 million (around Rs 10.3 crore at the present exchange rate of 83.40). This means an initial investment of Rs 10,000 in Nvidia’s IPO would have turned an investor into a millionaire within 25 years.
Nvidia, known for its ground-breaking GPUs and advancements in AI, robotics, autonomous vehicles, and emerging technologies, has recently climbed past iPhone maker Apple to secure the position of the second-most valuable company globally.
Microsoft, with a market valuation of approximately $3.317 trillion following a nearly half a per cent drop in its shares, now trails Nvidia. Apple’s market valuation fell to $3.286 trillion as its shares decreased by 1 per cent on Tuesday.
Nvidia’s unprecedented rise underscores the growing influence and demand for AI and advanced technological solutions, positioning the company at the forefront of the tech industry’s future.Kanpur Investment
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