£5,000 invested in Nvidia shares when ChatGPT was released is now worth…

In March 2024, I wrote a piece about Nvidia (NASDAQ: NVDA) on this website entitled: “If I’d invested £5,000 in Nvidia shares when ChatGPT came out, here’s how much I’d have now.”

This was around 18 months after ChatGPT was released, and the artificial intelligence (AI) movement was in full swing. The simple answer? A £5,000 stake would have turned into £29,135. Good going, but here’s the funny thing…

At that time, folks were viewing Nvidia as expensive. The objections were railing in: surely the bull run can’t continue? The surge in orders for the firm’s chips can’t last, can it? I even stated in that very article: “the shares look a little toppy”. Well, guess what happened next?

Share price moves

In simple terms, the doubters were made to eat their words. The share price more than doubled in just over two years. Nvidia became the world’s largest company with a market capitalisation that has now surpassed $5trn. That went well, didn’t it?

That same stake would have gone into the stratosphere. From 30 November 2022 until today, the share price has grow 1,166%. A £5,000 investment in Nvidia shares on the day ChatGPT was released is now worth £63,324. Incredible stuff.

Why did it keep surging? Simply, there was a clamour for Nvidia’s chips, and many of the world’s tech titans didn’t want to get left out. Untold billions were invested in the AI revolution. The gold rush continued…