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Could Buying Nvidia Stock Today Prepare You For Life? | 06.12.24
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Could Buying Nvidia Stock Today Prepare You For Life? | 06.12.24

Nvidia

127.08 CHF -0.87%


Could Buying Nvidia Stock Today Prepare You For Life? | 06.12.24

Kaufen / Verkaufen

Nvidia (NASDAQ: NVDA) is an example of the life-changing potential of stock investing. If you had purchased $10,000 worth of stock 10 years ago, you would have an impressive $2,947,300 today, a return of over 29,000%. The company has created so much wealth that many of its employees (often paid through stock options) are multi-millionaires. But new investors eyeing these huge returns will understandably be a little nervous about arriving too late to the party. After all, no one wants to be left with the bag. Let’s explore the pros and cons of Nvidia’s actions to decide whether this legendary chipmaker can still set you up for life. Nvidia’s third-quarter earnings were another hit. Revenue jumped 94% year over year to $35.1 billion, driven by strength in its data center segment, where the company sells graphics processing units ( GPU) to run and train artificial intelligence (AI) algorithms. The company makes an incredible gross margin of nearly 75% (suggesting its economic moat is strong).Continue readingMore articles on MotleyFool