Where Will Nvidia Stock Be in 10 Years?
Long-term investment is the key to life-changing returns in the stock market, and few companies highlight this concept better than Nvidia (NASDAQ: NVDA). If you bought $1,000 worth of the chipmaker's stock 10 years ago, you would have roughly $267,000 today -- a return of 26,600%.
That said, past returns don't guarantee future results -- especially in an incredibly speculative new industry. Let's examine the pros and cons of Nvidia stock to determine whether the legendary technology giant still has multibagger potential over the long term.
Nvidia's core business has always been designing and selling graphics processing units (GPUs), a type of computer chip capable of parallel processing (running multiple calculations simultaneously). This tech proved crucial in rendering video game graphics, helping Nvidia dominate the custom PC and gaming laptop markets in the 2000s.
Source Fool.com
