If you don’t know a lot about the semiconductor giant Nvidia (NASDAQ: NVDA), it’s worth learning, because the company has been a huge success lately in the field of artificial intelligence (AI). Nvidia is often in the news, and most recently that’s due to a 10-for-1 stock split, which got many investors excited.
But most stock splits — including this one — are not as exciting as they may seem. Before we tackle stock splits, let’s agree that Nvidia, the company, is exciting. Its stock performance certainly is:
|
Period |
Average Annual Stock Gain |
|---|---|
|
Past 1 year |
192% |
|
Past 3 years |
89% |
|
Past 5 years |
103% |
|
Past 10 years |
73% |
|
Past 15 years |
50% |
Data source: Morningstar.com, as of June 3, 2024.
Those are eye-popping numbers. A 50% annual return will increase an investment more than 437-fold over 15 years! If you only owned Nvidia over the past five years, your stake would have doubled in value each year, on…
