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Investments in Nvidia Corp. (NASDAQ:NVDA) have yielded substantial returns for retail investors.
What Happened: Retail investors have seen their investments in Nvidia grow exponentially, Business Insider reported based on the review of brokerage and account statements.
Tom, an Nvidia investor from New Jersey, states that he made an initial investment in the tech giant worth $62,000 in 2011 and 2022. His investments have now ballooned to a $3 million stake. He attributes his success to diligent research and good timing, recognizing Nvidia’s pivotal role in the development of GPUs.
Nvidia’s transition from a gaming giant to an AI leader, especially during the early days of the pandemic, has been a significant driver of its stock’s growth. The company’s GPUs have become crucial for powering AI programs such as OpenAI’s ChatGPT, which was launched in November 2022.
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According to Vanda Research, Nvidia has now overtaken Apple Inc., Tesla Inc., and SPY, the most popular S&P 500 exchange-traded fund, to become the top stock among retail investors.
Other investors, like Danial and Rick, who started investing in Nvidia in 2016 and 2009 respectively, have also seen substantial returns on their investments, despite occasional market downturns.
Why It Matters: In April, Nvidia experienced a market sell-off led by high-profile tech stocks, which had been the rally leaders since 2023. Despite the sell-off, CNBC’s Jim Cramer highlighted Nvidia’s positive performance and its 4% rise following a 10% drop.
Nvidia’s powerful chips have attracted significant customers like Tesla Inc. and Meta Platforms Inc., further bolstering its position in the AI sector.
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