The Potential Growth of a $500 Investment in Nvidia Over the Past Year

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Nvidia Stock Performance Update

Nvidia (NASDAQ: NVDA) has seen a significant increase in stock value over the past year, with a $500 investment growing to approximately $674 as of November 10, marking a 35% increase. In comparison, a $500 investment in the S&P 500 would now be worth about $570, reflecting a 14% gain. Nvidia’s market cap was over $3 trillion last year, placing it among the largest companies by market capitalization and trading at over 50 times trailing sales.

Despite concerns about Nvidia’s high valuation, the stock has outperformed the S&P 500 in the past year, although it experienced higher volatility during market fluctuations. The Motley Fool’s Stock Advisor team currently suggests alternative investment options, marking Nvidia as one of the stocks that did not make the list of their top recommended stocks.

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