$1000 Investment in Nvidia 10 Years Ago Worth $148,000 Today

By Douglas A. McIntyre Published Feb 22, 6:45AM EST

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$1000 Investment in Nvidia 10 Years Ago Worth $148,000 Today — © Andrey Maximenko / iStock via Getty Images

How far has AI chip company Nvidia Corp. (NASDAQ: NVDA | NVDA Price Prediction) come in the past decade? In terms of market cap, a $1,000 investment 10 years ago would be worth $148,000 today. According to CNBC, such an investment in 1999, when Nvidia went public, would be worth $2,784,000. Much of that increase came last year, when Nvidia stock was up 215%. So far this year, the share price has risen 36%. These do not consider the 16% jump Nvidia shares should have at the open after spectacular earnings.

Nvidia posted earnings that were better than Wall Street forecasts and nothing short of spectacular. Revenue was up 265% year over year to $22.1 billion. Net income rose 769% to $12.3 billion. Jensen Huang, founder and CEO of Nvidia, said, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.” It is an extraordinary dominance. Rival AMD will be well behind in development and sales. Nvidia expects equally strong results in the current quarter with revenue of $24 billion. Its sales engine is not even slowing. (This is how much Nvidia’s top executives made in 2023.)

MarketWatch noted that Nvidia’s most impressive number was not highlighted. “Among the record-setting elements of Nvidia’s stunning fiscal fourth quarter was its 76% GAAP gross margin, up from 66% a year before.” The financial website pointed out that only Arm had better comparable numbers.

Nvidia stock, riding a wave as the most important company in AI chips, does not appear to have peaked yet. Is it even close?

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.