Is Nvidia Still a Millionaire-Maker Stock?
The stock market is ideal for slowly building wealth over decades. However, some investors have sped things up by betting on the right companies at the right times.
Nvidia (NASDAQ: NVDA) is a great example. If you had bought $5,000 worth of its stock 10 years ago, you would have around $1.25 million today -- a return of 25,000%. Does the legendary chipmaker still have millionaire-maker potential? Let's dig deeper to find out.
In 1993, Nvidia was founded to pioneer a niche computer chip called the graphics processing unit (GPU). These chips excel at processing multiple tasks simultaneously, making them ideal for rendering complex visuals. Most of Nvidia's early growth came from serving the video game industry, where its chips were used in custom PCs and consoles.
Source Fool.com
