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Comment by spaceman_2020 | Hacker News Reader

spaceman_2020·

I keep thinking about stocks that have 100xd, and most seemed like obscure names to me as a layman. But man, Nvidia was a household name to anyone that ever played any game. And still so many of us never bothered buying the stock

Incredible fumble for me personally as an investor

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Unless you predicted AI and Crypto then it was just really good, not 100x. It 20x from 2005-2020 but ~500x from 2005-2025

And if you truly did predict that Nvidia would own those markets and those markets would be massive, you could have also bought Amazon, Google or heck even Bitcoin. Anything you touched in tech really would have made you a millionaire really.

Survivors bias though. It's hard to name all the companies that failed in the dot com bust, but even among the ones that made it through, because they're not around any more, they're harder to remember than the winners. But MCI, Palm, RIM, Nortel, Compaq, Pets.com, Webvan all failed and went to zero. There's an uncountable number of ICOs and NFTs that ended up nowhere. SVB isn't exactly an tech stock but they were strongly connected to it and they failed.

It is interesting to think about crypto as a stairstep that Nvidia used to get to its current position in AI. It wasn't games > ai, but games > crypto > ai.

Nvidia joined S&P500 in 2001 so if you've been doing passive index fund investing, you probably got a little bit of it in your funds. So there was some upside to it.

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