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NVIDIA's incredible return of 591,078% - The road to becoming the world's number one market capitalization
MSN -
19/06
In 1999, Intel boasted overwhelming strength in the semiconductor industry. And a little-known chipmaker called Nvidia went public on the Nasdaq.
(Bloomberg): In 1999, Intel boasted overwhelming strength in the semiconductor industry. And a little-known chipmaker called Nvidia went public on the Nasdaq.
It took less than three years for Nvidia to be included in the S&P 500 stock index, replacing the scandalous oil trading conglomerate Enron.
But even then, we expected the company to be the best-performing stock of the last quarter century, posting a total return of 591,078% since its initial public offering (IPO), including reinvested dividends. There were probably very few people.
This is an incomprehensible number, and investors have come to believe that the financial mania around artificial intelligence (AI) and Nvidia, which manufactures the cutting-edge semiconductors... [Short citation of 8% of the original article]
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