The US stock market has delivered handsome returns to investors who hold on for the long term. One such stock that turned investors into millionaires in 24 years is the high-end graphics developer Nvidia. A mere investment of $5,000 in Nvidia in January 2000 could have made you earn nearly $2 million today. The key to making life-changing gains in stocks is to hold on to it for the long term. The further the years, the better the returns could possibly be.
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US Stocks: How Nvidia Turned An Investment of $5,000 Into Nearly $2 Million in February 2024
Nvidia stocks were available for a fraction of $1.74 in January 2000. An investment of $5,000 could have made you accumulate 2,873 stocks at that time. The stocks of Nvidia remained flat till 2005 and failed to climb above the $2 mark. However, the stocks tested investors’ patience as they barely delivered returns for 15 years.
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Only in 2016, Nvidia stocks managed to reach double digits and climb above the $10 mark. This is when the stock began attracting heavy bullish sentiments receiving an influx of investments from global financial institutions. There has been no turning back for Nvidia stocks since then as it rose another 400% in just four years.
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In 2020, Nvidia climbed above the $100 mark and steadily scaled up in the charts between 2020 to 2024. The upswing was sustainable as Nvidia barely headed south in the last four years except in November 2022.
Coming back to February 2024 today, Nvidia stocks are priced at $694. In conclusion, if you had invested $5,000 in Nvidia in 2000 and got to hold 2,873 stocks, it could have turned to $1.9 million today. The only regret now is that one did not take an entry position at the time and held on for the long term.