TECH - Here's How Much You Should Have Invested In Nvidia In 2022 To Become A Millionaire Today | Benzinga
Nvidia Corp. (NASDAQ:NVDA), which had a modest start as a maker of gaming chips in April 1993, has grown by leaps and bounds and has attained the status as the world’s most-valued corporation, relegating biggies such as Apple and Microsoft behind.
What Happened: Nvidia ended Tuesday’s session at $135.58, up 3.51%, according to Benzinga Pro data. This gave the Jensen Huang-led company a market cap of $3.33 trillion compared to Microsoft’s $3.317 trillion and Apple’s $3.286 trillion. Nvidia’s shares have been on a tear since the advent of the AI revolution in early 2023 following the introduction of OpenAI’s ChatGPT chatbot.
Ahead of this, Nvidia has a so-so year as most growth-focused stocks swooned amid fears of a higher interest-rate environment thwarting demand for their products and services and the inflationary environment pushing up their costs.
The Nvidia stock fell a little over 50% in 2022 only to bounce back stronger in 2023 as the rising AI tide lifted all boats levered to the technology. ...