Leading technology company NVIDIA Corporation NVDA is one of many companies that could be impacted by the future White House administration under President-elect Donald Trump.
Here's a look back at Nvidia's performance during Trump's last term and the potential gains investors could have realized.
What Happened: Nvidia was one of the best performing S&P 500 stocks in 2017, the first year Trump served as president of the United States.
The stock ranked ninth for the year with a +81% return in 2017. From the date of Trump's inauguration on Jan. 20, 2017 to President Joe Biden's inauguration on Jan. 20, 2021, Nvidia shares gained more than 400%.
Nvidia was also a top performing S&P 500 sock in 2021, the first year of Biden’s term in office. The stock ranked ninth once again, gaining 125.5% in 2021.
The semiconductor company has been one of the top performers in recent years, joining the $1 trillion market capitalization club in May 2023 and around a year later becoming the most valuable company in the world.
Nvidia passed the milestone of world's most valuable company several times in 2024 and is currently the third most valuable company in the world with a market capitalization of $3.16 trillion, trailing only Apple ($3.76 trillion) and Microsoft ($3.27 trillion).
While the impact of Trump on semiconductors, Taiwan, and the broader tech sector—and by extension, Nvidia’s share price—remains uncertain, history shows Nvidia tends to outperform in the first year of a new presidential term.
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Investing $1,000 in NVDA: Investors who bought and held onto Nvidia shares when Trump was inaugurated as president of the United States would likely be happy with their return.
Nvidia stock traded at a split-adjusted high of $2.67 on Jan. 20, 2017. A $1,000 investment could have purchased 374.53 NVDA shares at the time.
Today, that investment would be worth $48,309.58 based on a $128.97 price for Nvidia at the time of writing. The investment would be up 4,731.0% over the last nearly eight years.
For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500, would have delivered significantly lower returns.
The $1,000 investment could have bought 4.40 SPY shares, which would be worth $2,594.06 today based on a price of $589.56 for SPY at the time of writing. This investment would be up 159.4% over the same time period.
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