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Nvidia has been the stock market’s biggest success story over the past decade.
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The company’s dominance in AI hardware has translated into incredible profits for patient shareholders.
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10 stocks we like more than Nvidia ›
NVIDIA‘s (NASDAQ: NVDA) The business has gone through an incredible transformation over the last decade. While the company began designing graphics processing units (GPUs) to support high-end video games, its strengths in processing hardware gave it the foundation to be a leader in artificial intelligence (AI) computing and deliver strong returns for shareholders over the long term.
At the time of writing, Nvidia has a market capitalization of $4.6 trillion and stands as the most valuable company in the world. Over the last decade, Nvidia has achieved a total return of approximately 25,500%. If you had invested $100 in Nvidia a decade ago and held on to your shares, your holdings would now be worth approximately $25,570. Meanwhile, the stock has posted a total return of about 1,300% over the past five years, good enough to turn a $100 investment into about $1,400.
In addition to its core strengths in the AI data center market, Nvidia has been taking big steps to diversify its technology portfolio and plant the seeds for potentially explosive new growth spurts. The company has been using its deep cash pile on acquisitions and buying businesses and technology licenses that can strengthen its core AI processing business, as well as facilitate growth in categories like robotics and autonomous vehicles.
Nvidia appears poised to remain a leader in GPU technologies, and its strengths in AI hardware could help it achieve wins in other promising markets. This should also help significantly increase investment in Nvidia over the next decade.
Before you buy Nvidia stock, consider this:
He Varied and Dumb Stock Advisor The analyst team has just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia was not one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you would have $482,451!* Or when NVIDIA made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you would have $1,133,229!*
Now, it is worth noting stock advisor The total average return is 968.%: An overwhelming outperformance of the market compared to the S&P 500’s 197%. Don’t miss the latest Top 10 list, available with Stock Advisorand join an investing community created by individual investors for individual investors.