If you had invested R1,000 in Nvidia shares at the beginning of 2024, your investment would have grown to approximately R2,877.90 by 2 December 2024.
Those who invested in Nvidia would have seen the most significant returns, with the company’s share price growing by 187.79% during the period.Investors who bought shares in Nvidia before the Covid-19 pandemic have seen their investments skyrocket. Although it competes with players like AMD and Huawei in the space, Nvidia has capitalised on the global AI push better than its competitors, which is reflected in its share price growth.
Netflix’s stock price grew by an impressive but more modest 91.62% between 2 January and 2 December 2024, while Meta’s share value increased by 71.19%. Apple and Alphabet share prices increased by 29.06% and 23.95%, respectively, while Microsoft and AMD’s share values grew by 16.21% and 2.51%.