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In the semiconductor industry, few names resonate as profoundly as the tech behemoth Nvidia (NVDA). The chip giant has been building its legacy for the past two decades, and over the last 20 years, its stock has returned an eye-catching 25,514%.
Last year was a game-changer for Nvidia. Shares of the chip designer surged 238%, easily outperforming the tech-heavy NASDAQ Composite’s ($NASX) gain of 43%. While the artificial intelligence (AI) rush boosted the performance of many tech stocks, Nvidia’s gain can specifically be credited to its better-than-expected quarterly results in fiscal 2024.
