Nvidia’s (NVDA -1.51%) commitment to emerging technologies and its history of providing groundbreaking video rendering technology have pushed its stock performance to impressive heights. Since the late 90s, the cutting edge semiconductor company has seen its stock soar 105,772%. That means a $10,000 investment on Nvidia’s 1999 IPO would be worth over $10.8 million today. Even those who bought in as recently as 2013 can still be satisfied with their returns as investments of $10,000 would have made investors roughly 8,615% more, resulting in more than $871,000 today.
When it comes to modern technology, Nvidia is a company that stands out from the crowd. Their GPU products, responsible for the realistic depictions of characters and scenery in video games, have immensely changed the landscape of gaming thanks to its groundbreaking video technologies. In addition to this, the company has impressively expanded into the realms of cloud computing, AI, and high-performance computing, amongst other verticals. This has elevated the company’s addressable market to an estimated $1 trillion and captivated the attention of major cloud providers like Amazon Web Services, Microsoft Azure, Google Cloud and Alibaba Cloud.
This multipronged opportunity has been well received by analysts, pushing the company’s estimated growth to be 34% this year and 32% by 2024. Though their stock may appear to be highly valued, their history of surpassing analyst estimates and potential growth make it one of the most attractive investments available today.
Jen-Hsun Huang is the Co-Founder, President and Chief Executive Officer of NVIDIA. Working with a team of professionals, Huang has earned a reputation for his ability to provide leadership, vision, and motivation to build a company from the ground up. With over 20 years of experience in the tech industry, he has been a major driving force for NVIDIA’s entry into various markets, most notably in the competitive gaming and data centre industries. Huang’s strategic calling of the industry’s switch to cloud computing and general purpose graphics processing was announced at NVIDIA’s 2010 GPU Technology Conferences, transforming the small company into a household name.
