Nvidia Stock Up Over 31,000% Since 2000 as AI and Data Center Demand Fuels Record Growth
• Nvidia stock has gained over 31,400% since 2000, compounding at 27.4% annually. $10,000 invested in 2000 would be worth about $3.1 million today.
• Nvidia dominates in GPUs for gaming, data centers, and AI, holding 80-95% market share in many categories. It has expanded into networking, CPUs, software, and cloud services.
• In Q3 fiscal 2024, Nvidia's revenue soared 206% to $18.1 billion, with record sales in data centers. Non-GAAP net income was up 588%.
• The AI market is forecast to grow 37% annually to $2 trillion by 2030. Nvidia is poised to benefit more than any other company.
• Wall Street expects Nvidia's sales to grow 40% annually over the next 5 years. At 23.6 x sales, Nvidia's valuation remains reasonable for its growth prospects.