Nvidia (NVDA) Stock Is Down Today (Finance)
July 24, 2024
In the recent weeks, many of the top technology companies, including Microsoft, Alphabet, Apple, and Nvidia, have seen a fall in their stocks. I’m more into the process of buying to hold for the long term, so these recent dips in the market don’t have an effect on my investment goals.
I like looking at YTD charts to get a better understanding of market performance over a long period of time, as it is easier to notice trends and performance throughout the year.
If I invested a $1,000 worth of Nvidia’s shares 5 years ago I would be looking at the investment being worth around $25,955.
Artificial Intelligence (AI) looks to be the future, and Nvidia is leading the charge with their chips, so I don’t personally see them going anywhere anytime soon even with competition that will come up in the coming years.