Investors who bought Nvidia (NASDAQ: NVDA) stock immediately after the company’s 10-for-1 stock split in June 2024 have posted substantial gains as the chipmaker’s dominance in artificial intelligence continued.

In this case, a $1,000 investment made at Nvidia’s post-split closing price of about $120 on June 11, 2024, would be worth approximately $1,755 based on the stock’s Friday close of $210. 

The investment generated a return of about 75.6%, adding nearly $756 in value over the two-year period.

Nvidia stock fundamentals 

The gains have been supported by Nvidia’s exceptional financial performance since the split. 

For fiscal 2025, the company reported revenue of approximately $130.5 billion, up 114% year over year. 

Data center revenue reached $115.2 billion, increasing 142% as demand for AI accelerators surged among cloud providers and enterprise customers.

Momentum continued into fiscal 2026, with Nvidia generating full-year revenue of $215.9 billion, up 65% year over year, while annual data center revenue surpassed $170 billion.

A key driver of NVDA stock performance has been the rapid adoption of Nvidia’s Blackwell architecture. Blackwell sales scaled quickly after launch, generating $11 billion in a single quarter and becoming one of the fastest product ramps in the company’s history. 

Demand accelerated as customers deployed GB300 systems for AI training and inference workloads.

At the same time, the transition from Nvidia’s Hopper platform to Blackwell proceeded smoothly, helping the company maintain its technological lead while expanding shipments as supply constraints eased. 

Nvidia also benefited from its broader ecosystem strategy, with customers increasingly adopting its CUDA software, NVLink networking technologies, and integrated AI infrastructure solutions.

Beyond product execution, Nvidia benefited from surging AI infrastructure spending by hyperscalers and enterprises throughout 2025 and 2026. 

The company maintained an estimated 74% share of AI inference revenue through April 2026 while sustaining gross margins of roughly 73% to 75%.

Management also reported visibility into hundreds of billions of dollars in potential future revenue from Blackwell and next-generation Rubin platforms. Investor confidence was further reinforced by Nvidia’s record $25 billion bond offering in June 2026 to support ongoing AI expansion.

Nvidia stock volatility 

Despite its strong gains, Nvidia stock experienced periods of volatility, rising to record highs between $212 and $236 in late 2025 before falling into the mid-$160s in early 2026 amid valuation concerns and broader market rotations. 

The semiconductor company also faced U.S. export restrictions that eliminated an estimated $30 billion opportunity in China, though strong demand in other regions offset the impact.

 Even so, Nvidia’s market capitalization surpassed $5 trillion multiple times, reinforcing its position among the world’s most valuable companies.

The post $1,000 invested in Nvidia stock at the 2024 NVDA split is now worth appeared first on Finbold.