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Semiconductor designer Nvidia (NASDAQ: NVDA) has made many millionaires in recent years. Its stock has more than tripled in the last year alone. Among stocks with a market cap of at least $50 billion today, Nvidia has outperformed absolutely everybody over the past three, five, and 10 years. It’s hard to beat this wealth-building machine these days.
So what’s next? Let’s say I scrape together a robust $20,000 Nvidia position today — can I expect to make a million dollars on that investment?
The short answer is yes, but it’ll take a while and the lofty target result isn’t guaranteed.