Should You Buy Nvidia Stock Hand Over Fist Before the End of 2024? Here's What History Suggests
Nvidia has an impressive track record of Q1 gains.Nvidia delivered a positive return in 17 of the 23 three-year periods since the company's IPO . The average return for these three-year periods was around 195%.But if you bought before the end of a given year and held onto the stock for five years, you'd really be sitting pretty. Nvidia's share price has risen in 19 out of 21 five-year periods since its IPO. The average return for these five-year periods was a staggering 551%.What's the bottom line from a historical standpoint when it comes to buying Nvidia stock before the end of the year?The present is unlike the past.Most of Nvidia's stellar performances in previous years came before the generative AI explosion. Interest rates were also much lower during the period when Nvidia delivered its greatest gains. Rivals are scrambling to develop chips that compete with Nvidia's G