Is Nvidia Still a Millionaire-Maker Stock?
Nvidia looks like it can keep beating the S&P 500, but if you're looking for it to deliver another 10x return (or more) like it has in the past, you may want to dial back your expectations.
Investing in Nvidia (NVDA) has made many people millionaires, as its shares have increased tenfold over the past decade. A $10,000 investment back then would now be worth over $1 million. However, Nvidia's current market cap of $5 trillion makes another 10x return unlikely, as that would exceed the U.S. national debt and represent two-thirds of the entire U.S. stock market value.
Despite this, Nvidia remains the top AI chipmaker, with its GPUs and advanced chips crucial for a rapidly growing industry. The company returned $26 billion to shareholders in the form of buybacks and dividends in fiscal 2027 Q2, but most of this capital went toward buybacks. Nvidia's leadership in AI processors and its continued growth make it a valuable stock for long-term investors, even if it's not positioned for another massive 10x return.
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