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Nvidia (NASDAQ: NVDA) has been the poster child for the stock market this year, skyrocketing to the top of highly valued stocks and becoming an iconic symbol of the artificial intelligence (AI) revolution.
If you were lucky enough to invest in its initial public offering (IPO) and still own your shares, you’d be one lucky investor. But it’s not all luck. Holding for the long term, especially when markets crash or stocks otherwise drop, is an investing mindset, and if you can get into it, you might be onto the next Nvidia.
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Nvidia went public in 1999 at $12 a share, but only became popular over the past two years or so. Its original graphics processing units (GPU) were primarily used in the gaming industry and largely unknown outside of the tech world.
Today, Nvidia is practically a household name. It’s the main producer of the GPUs necessary for generative AI, and the company’s stock has gained 730% over the past two years alone.
However, it was gaining well before that. Nvidia did two 2-for-1 stock splits right off the bat in 2000 and 2001. It did another one in 2006, and a 1.5-for-1 split in 2007. There was a 4-for-1 split in 2020 and, finally, a highly publicized 10-for-1 split this past June. If you bought one share at the company’s IPO, you’d have 480 shares now.
At today’s prices, 480 shares of Nvidia stock are worth $66,371. However, the company also pays a dividend. Inclusive of the dividend, you’d have $74,539.
But investors don’t usually buy one share. If you’d invested as little as $100 at the company’s IPO, you’d now have $379,000.
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
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Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $369,349!*
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Apple: if you invested $1,000 when we doubled down in 2008, you’d have $45,990!*
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Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $504,097!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.