By Dr. James Fox
Publication Date: 2026-04-02 06:20:00
Nvidia (NASDAQ:NVDA) stock’s up 60% over the past 12 months. But remember where we were a year ago. Tech stocks had dipped from highs following the DeepSeek announcement and fell after Donald Trump soft-launched his tariff plans — which were eventually announced on 2 April.
So £10,000 invested in Nvidia a year ago would be worth around £15,700 today. That 60% dollar gain is trimmed slightly by sterling’s roughly 2% appreciation against the dollar over the past year — a quiet but real drag for UK investors holding US stocks.
But the journey was far from smooth. Liberation Day sparked a sell-off across global markets, and Nvidia — as a bellwether for artificial intelligence (AI) spending — took its share of the pain.
Concerns about export controls on advanced chips to China added further pressure, with Washington tightening restrictions that directly threatened a meaningful slice of Nvidia’s revenue.
Those who held through all of that were rewarded. Personally, I managed to buy more shares under $100 in April 2025, demonstrating that being greedy when others are fearful can be wise if the fundamentals remain intact.
Of course, Nvidia’s now a long way off its 52-week highs. The stock has pushed as high as $212 per share. And as I write, it’s down 7% over six months.
It’s been five weeks since Nvidia reported on FY26 earnings with a beat. That was hardly surprising. The company has beaten earnings…
