US Stock Delivers 530% Profits in 4 Years: Do You Own It?

Vinod Dsouza
us stock market nasdaq s&p 500 dow jones industrial average equities
Source: CNBC / Brendan Mcdermid / Reuters

The US stock market dipped during the COVID-19-induced lockdown sending leading equities into a tailspin. Investors remained cautious for nearly two years but the US stock market recovered quickly posting new gains since 2022. The global equity markets have now returned to normalcy with several stocks printing new highs every year. Both retail and institutional investors who took an entry position during the recovery made phenomenal profits in a short period.

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The gains come after the Dow Jones Industrial Average and Nasdaq reached all-time highs of 39,889 and 16,538, respectively this year. The stock market rallied in March last month and one particular share experienced a phenomenal surge in price. In this article, we will highlight the top-performing stock in the US market.

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This US Stock Surged 530% in 4 Years

nvidia stock
Source: AnalyticsInsight

The stock that spiked nearly 530% in the US equity market from 2020 to 2024 is none other than Nvidia. It is among the best-performing assets of 2024 generating massive profits to investors for 48 months straight. Nvidia was trading around the $130 price range during the COVID-19-induced lockdowns in 2020.

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However, it found a breakthrough in price and steadily climbed up the charts over the next four years. From a low of $130, Nvidia stock sustainably scaled up reaching $824 on Tuesday’s closing bell. That’s a surge of approximately 531% in the last four years. Therefore, an investment of $10,000 in Nvidia made in 2020 could have turned into $63,000 today in 2024.

It had reached an all-time high of $974 in March last month but faced a correction in April due to sell-offs and profit bookings. Its price could spike next as Vietnam’s tech giant FPT will invest $200 million in an AI factory using Nvidia chips. “FPT will establish factories in Vietnam and other potential markets including Japan and South Korea,” Chairman Truong Gia Binh told Reuters.