If you invested R1,000 in these tech stocks at the start of 2024 here is what it would be worth today

If you had invested R1,000 in Nvidia shares at the beginning of 2024, your investment would have grown to approximately R2,877.90 by 2 December 2024.

Meanwhile, similar investments in Netflix and Meta Platforms Inc. would have increased to R1,916.20 and R1,711.90, respectively.

MyBroadband calculated how much a R1,000 investment in some of the world’s biggest tech companies would have grown between 2 January and 2 December 2024.

Those who invested in Nvidia would have seen the most significant returns, with the company’s share price growing by 187.79% during the period.

This comes after impressive growth in the share price over the past few years.

Investors who bought shares in Nvidia before the Covid-19 pandemic have seen their investments skyrocket.

Its share prices surged during the pandemic as there was high demand for chips for cryptocurrency mining. While it fell by almost two-thirds afterwards, it has since shot back up.

The rise of artificial intelligence (AI) resulted in a surge of demand for components that can support AI functions or AI accelerators, which significantly benefitted Nvidia.

Although it competes with players like AMD and Huawei in the space, Nvidia has capitalised on the global AI push better than its competitors, which is reflected in its share price growth.

Nvidia’s share price reached approximately $1,200 in June 2024, when the company announced a ten-to-one stock split. The move saw each common stockholder receive nine additional shares.

These were distributed after market close on Friday, 7 June 2024.

Investopedia says stock splits can be beneficial as they make shares seem more affordable, which improves trading liquidity.

“In a stock split the number of outstanding shares increases and the price per share decreases proportionally, while the market capitalisation and the value of the company do not change,” it says.

Netflix’s stock price grew by an impressive but more modest 91.62% between 2 January and 2 December 2024, while Meta’s share value increased by 71.19%.

Tesla, Amazon, Apple, Alphabet, Microsoft, and AMD also saw their share prices grow during the year, with Tesla’s being the highest of these at 43.74%, meaning a R1,000 investment would have grown to R1,437.40.

Amazon’s share price grew by 40.54%, bringing a R1,000 investment at the start of the year to R1,405.40.

Apple and Alphabet share prices increased by 29.06% and 23.95%, respectively, while Microsoft and AMD’s share values grew by 16.21% and 2.51%.

Those who invested in Adobe or Intel at the start of the year would have lost money. Adobe’s share value dropped by 11.01%, reducing a R1,000 investment to R889.90.

Intel’s share price plummeted by 49.94% during the period, reducing the initial investment to R500.60.

The table below tracks the share prices of various tech stocks from the beginning of January to market close on Monday, 2 December 2024.