R1,000 invested in Nvidia would have grown to R2,528 by 10 June 2024, while Meta and Alphabet Inc. would have increased to R1,451 and R1,265, respectively.
The magnificent seven tech stocks — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla — saw their share prices grow by between 48.52% and 233.28% in 2023. Each holder of common stock received nine additional shares of common stock, distributed after market close on Friday, 7 June 2024., stock splits provide the benefit of making stock seem more affordable, improving trading liquidity.
Meta’s share price grew by 45% over the period, from $346.29 to $502.60. A R1,000 investment in Meta at the start of 2024 would be worth R1,451.40 today.Alphabet’s share price growth was slightly higher at 26.56%, growing from $138.56 to $176.63. Amazon’s share price grew 24.76% from $149.93 to $187.06.
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