Are there stocks available now that are priced low that could increase the same amount?
In: Economics
The term “penny stock” is usually reserved for small, unproven companies. They are a more risky investment because usually the company involved doesn’t have any real products yet, and it’s not uncommon to start fake companies with fake product roadmaps, pump the share price, sell your shares then let the company quietly go out of business.
Even during its low point Apple was already a big established company.
For NVidia maybe at the very beginning in 93 it could have been considered a penny stock (well, if they were selling stock), but once they had a track record of releasing products you probably wouldn’t refer to them as penny stock anymore.
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