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Charting Nvidia’s Stock Performance Since 2019
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Key Takeaways
- Since 2020, chip maker Nvidia has posted triple-digit annual returns each year, with the exception of 2022.
- In its latest quarter, it saw record revenues of $44 billion, with data-center revenue jumping 73% year-over-year.
- Along with big tech firms, Nvidia has minted deals with Saudi Arabia, India, and the UAE for infrastructure projects.
Nvidia’s shares are up 16% to-date as of June 26, regaining the title as the world’s most valuable company.
While Trump’s restrictions on China could cause $8 billion in losses next quarter, it is offsetting this with major deals in the Middle East. Overall, strong global demand could buoy the stock as firms increasingly explore AI products and innovations.
This graphic shows Nvidia’s stock price history since 2019, based on data from TradingView.
Nvidia’s Explosive Stock Market Run
With a market cap of $3.8 trillion, Nvidia’s valuation is soaring to new heights.
Since 2019, the company’s share price surged more than 4,200%, making it the best performing stock in the S&P 500 over the time frame. Not only that, Nvidia beat out every other firm in the index across the last 10 and 20-year periods.
Here are Nvidia’s annual returns since 2019, with 2025 performance as of June 26:
| Year | Annual Return |
|---|---|
| 2019 | 76% |
| 2020 | 122% |
| 2021 | 125% |
| 2022 | -50% |
| 2023 | 239% |
| 2024 | 171% |
| 2025 YTD | 16% |
Today, Nvidia’s chips are at the heart of the world’s most powerful supercomputers that run on thousands of chips to compute trillions of calculations a second.
Notably, xAI’s Memphis-based supercomputer is estimated to use 150,000 of Nvidia’s H100 chips and Meta reportedly acquired 100,000 H100’s for its facilities. Moreover, nine of the 10 largest supercomputers run on Nvidia’s chips.
This year, big tech firms are set to pour up to $320 billion in AI infrastructure—a $90 billion increase since 2024. In many ways, Nvidia stands to be a leading beneficiary of this spending, with Microsoft driving an estimated 19% of Nvidia’s revenue alone.
Learn More on the Voronoi App
To learn more about this topic from a revenue perspective, check out this graphic on how Nvidia makes its billions.