After another recovery, the stock traded sideways for a couple of years until the company announced its first ever dividend in November of 2012.įour more years of sideways trading followed until the calendar flipped to 2016 and Nvidia’s stock exploded. But unlike many of its computer-driven competitors, Nvidia survived the dot-com bubble burst and continued to grow and innovate.Īfter pushing close to the $40 mark in November of 2007, Nvidia shares were hit again by the Great Recession and prices receded back to the single digits.
Unfortunately, the IPO came to market only a few months before the beginning of the dot-com meltdown, which sent many tech stocks plummeting without recovery for several years.īy October of 2002, Nvidia shares were trading below $3. Nvidia filed its IPO on Janu(shortly before the release of its first graphics processing unit) with shares priced at $12. Nvidia has also been delving into artificial intelligence and recently made headlines when an analyst at Evercore stated he was on the verge of a breakthrough with his deep learning platform.
NVDA STOCK PRICE ON OCT 22 2018 PROFESSIONAL
They sell products designed to perform the following tasks: Today, Nvidia technology can be found everywhere. By increasing the graphic manipulation speed, Nvidia set itself up to be a player in several industries, especially game consoles and computer workstations. In 1999, they presented the world with their first graphics processing unit (GPU), a special type of circuit that greatly increased the speed of image rendering on computer systems.Ĭalled the GeForce 256, this GPU had the capability of processing 10 million polygons per second. Consequently, any such data, information, or opinions do not in any way represent a personal recommendation to any individual investor or any entities, whatever the type.Nvidia’s founders believed that computers would evolve to become potent gaming and media consumption machines. Nothing discussed or presented in Quantalytics constitutes a representation that any investment, investment strategy, or recommendation is suitable or appropriate to an investor's individual circumstances or otherwise constitutes a personal recommendation.ĭata, information, or opinions contained in Quantalytics in any form give no consideration to any particular individuals' investment needs or objectives, nor do they consider any individuals' financial condition. Quantalytics does not make any representations as to their accuracy or completeness. The data, information and opinions presented have been obtained or derived from sources believed by Quantalytics to be reliable. Any data, information, or opinions in Quantalytics in any form attributed to a third party represent Quantalytics’ interpretation of the data, information, or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Any data, information, or opinions expressed in any form may change without notice.
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