If You Bought 1 Share of Nvidia Stock at Its IPO, Here's How Many Shares You Would Own Now
Nvidia (NASDAQ: NVDA) is one artificial intelligence (AI) stock you probably wish you'd scooped up at its initial public offering (IPO). The chipmaker debuted on Jan. 22, 1999 at just $12 per share. Back then, Nvidia shook up the tech world by launching the first-ever graphics processing unit (GPU), which transformed gaming and multimedia.
Even if you didn't snag Nvidia when it was trading in the double digits, you could've still scored jaw-dropping gains in the last five years. Shares are up over 2,700% as demand for its AI chips has skyrocketed. Nvidia is now one of the world's most valuable companies, with a market cap over $3 trillion.
That said, you might not be surprised that Nvidia executed six stock splits since its IPO. If you bought just one share 25 years ago and held onto it, your shares would have multiplied significantly, and they'd be worth a pretty penny today.
Source Fool.com
