Were stocks like Apple or Nvidia previously regarded as penny stocks when they were priced so low 20+ years ago?

Question

Are there stocks available now that are priced low that could increase the same amount?

In: Economics

Answer 1

No. I remember when Apple dropped to $14/share in the 90s and there was a lot of doom and gloom and Bill Gates and Microsoft had to bail them out. There was talk that Apple could go bankrupt and turn into a penny stock but it was not considered a penny stock. I so wanted to buy $1000 back then but my father told me I was dumb and would lose all my money…