Could Buying Nvidia Stock Today Set You Up for Life?

There's no denying the fact that Nvidia (NASDAQ: NVDA) has turned out to be a life-changing investment for anyone who bought shares of this chipmaker a decade ago. That's because Nvidia stock has delivered remarkable gains of more than 26,800% in the past 10 years, significantly crushing the 195% gains that the S&P 500 index has clocked over the same period.Investors who bought and held Nvidia stock for such a long time have been able to benefit from multiple catalysts, such as the growth in the video gaming market, the increasing deployment of its graphics processing units (GPUs) in data centers, and additional growth opportunities in markets such as automotive and digital twins.However, the stunning surge in Nvidia stock over the past decade has made it the second-largest company in the world, with a market cap of just under $3.4 trillion. Expecting Nvidia stock to replicate its eye-popping performance over the coming decade looks like a far-fetched idea, considering that the size of the global economy is expected to hit $110 trillion this year. That number is expected to jump to almost $140 trillion by 2029, which means that a 35-fold jump in Nvidia stock over the next five years would make it bigger than the global economy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool