The Impact of Investing Last Year's Tax Refund in Nvidia Stock

Wednesday, 5 June 2024, 13:07
Discover how investing a $2,812 tax refund in Nvidia stock a year ago has resulted in significant gains, with the stock surging by 186% since May 2023. Learn about the factors driving Nvidia's strong performance, including the demand for AI chips and market trends.
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The Impact of Investing Last Year's Tax Refund in Nvidia Stock

Investing Tax Refund in Nvidia Stock

In the previous tax season, the IRS issued nearly 95 million refunds totaling over $266 billion. As of May 12, 2023, the average tax refund was $2,812. If you had invested this amount in Nvidia stock a year ago, you might be curious about the current value of your investment.

Nvidia's Performance and Growth

NVIDIA Corp. (NASDAQ:NVDA) has experienced an extraordinary over the past five years, particularly since the beginning of 2024. The stock has surged 186% since May 2023, driven by strong demand for AI chips, and its market.

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