It has been common to consider Bitcoin’s price the greatest long-term bet compared to equities and commodities. However, Nvidia degraded that positioning during the last year. Since the end of 2014, NVDA stock has gained 21,140% value compared to Bitcoin’s 20,130% boost.
On the one hand, macroeconomic uncertainty pushed this phenomenon, as Bloomberg’s survey reported that investors increasingly see Big Tech companies as an inflation hedge. On the other hand, Nvidia enjoys unique advantages that make it difficult to gauge its stock’s ceiling.Even before shifting focus to data centers, Nvidia evolved from dominating PC graphics into automotive, networking, and cloud computing.
But what investors like more than beaten forecasts is the return of shareholder value. Nvidia obliged by increasing dividends from 4 cents to 10 cents per share. Moreover, the newly announced 10-for-1 forward stock split will go a long way in breaking the psychological barrier of perceived affordability.
Over the last 52 weeks, the average NVDA price has been $586.17, having reached its lowest point of $373.56 per share.
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