The value of a R1,000 investment in Nvidia a decade ago would be worth nearly half a million rand today, a MyBroadband analysis shows.
A R1,000 investment in Nvidia shares ten years ago would be worth roughly 482 times more today, an analysis by MyBroadband has shown.That was 25,731% higher than its closing price of $4.74 on 5 June 2014.
Over the same period, the rand went from trading at R10.16 to R18.93 to the dollar. Any shares purchased when the rand was stronger would be worth more today.Those shares would be worth $25,419 on 5 June 2024, working out to roughly R481,862 at the current exchange rate — an increase of 48,386%. Each share an investor holds will become ten shares, each worth a tenth of their value at the time of the split.
Its primary target markets were PC gamers and content creators who worked with video and 3D rendering. Nvidia is also a major provider of automotive chips, which are used to run increasingly smart and demanding onboard computers and infotainment systems in cars. Nvidia’s earnings per share have not kept pace with its share price increase, resulting in a high price-to-earnings ratio, a possible indicator that a stock is overvalued.
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