TECH - If You'd Invested $1000 In Nvidia Stock 15 Years Ago Here's How Much Profit You'd Have Built Year After Year | Benzinga
Nvidia Corp. (NASDAQ:NVDA) stock was the best-performing S&P 500 stock in 2023 and is the second-best performer in the category this year. The outperformance has to do with the company’s lead in the hot-and-happening artificial intelligence technology.
Nvidia’s Extended Sprint: The rally in Nvidia’s stock gained momentum since it broke above the Nov. 2021 peak in May 2023. It all started with the unveiling of OpenAI’s ChatGPT chatbot, which quickly caught on like wildfire and clarified the immense potential that AI offered.
Nvidia has become one of the biggest beneficiaries of the AI revolution due to the near monopoly position it has in the market for AI accelerators, which power most AI training and inference and ...