Nvidia Stock Soars as AI Boom Drives Decade-Long Gains
Nvidia's stock, or NVDA stock, has emerged as a standout performer in the S&P 500 index, leading the pack over the last 10, 15, and 20 years. The tech giant, known for its high-processing chips powering AI processes, has seen its market capitalization soar from $418.22B to $4.56T since the AI boom of November 2022.
Nvidia's stock has been on a meteoric rise. Over the last 5 years, it has surged 1,341%, and over the last 10 years, it has skyrocketed by 31,025%. The growth continues, with a 72,005% increase over the last 15 years and a 69,610% rise over the last 20 years. This remarkable performance has placed Nvidia among the top-performing stocks alongside tech giants like Tesla and Apple.
The company's success has also impacted major ETFs. Broad-based technology and world equity ETFs, such as those tracking the MSCI World Index, hold larger shares of Nvidia stock. With Nvidia representing around 5.69% of the index, it has become one of the top holdings in these major ETFs following the AI boom in November 2022.
Nvidia's stock has been a driving force in the tech sector, with its market capitalization growing exponentially since the AI boom. Its impressive performance has not only made it the best-performing stock in the S&P 500 index over the last decade and a half but also a significant component in major ETFs. As AI continues to advance, Nvidia's role in the tech landscape remains prominent.
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