Could Investing $1,000 in Nvidia Make You a Millionaire?

Nvidia (NASDAQ: NVDA) stock has been an absolute powerhouse over the past three years, gaining 431%. It's come onto many investors' radar only recently, but it's been a powerhouse stock for years. After some earlier gains, many investors had probably been tempted to cash in on its success, and some surely did. Those who held out are now reaping wild rewards, and might have become millionaires many times over.The question with these kinds of success stories is whether a company like Nvidia still has the potential to create millionaires, or is it slowing down? After all, Nvidia is the third-most valuable company in the world as of this writing, and it tipped into first place at certain points last year. Can a company this big still present enormous opportunities? Let's evaluate it.The name Nvidia has become synonymous with generative artificial intelligence (AI). Its graphics processing units (GPUs) can handle the large workload associated with compiling and tabulating large loads of data, the foundation of generative AI. It's no wonder its revenue has been through the roof, and profits are matching. But it has many other products, and Nvidia was a super successful, if lesser-known, tech giant before AI became a household phrase.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool