From Nasdaq:

Nvidia (NASDAQ: NVDA) has seen its shares climb nearly 400% in just under 14 months, making it a top wealth-generating investment. With its domination of the AI market by holding 80% in market share, and its strong financial performance, Nvidia is positioned for sustained growth.

Nvidia’s GPUs, initially designed for gaming and graphics, have become essential for driving AI. The company offers chip platforms in different sectors, including health care and finance, and has growing partnerships with major cloud companies. As a result, Nvidia has seen soaring earnings, now reaching a record of over $18 billion.

Despite its phenomenal growth, Nvidia now faces potential challenges. The US ban on sales to China raises concerns, which the company expects will impact the fourth quarter. At the same time, competitors are developing AI chips, demanding sustained investment in research and development to stay ahead.

Investing in Nvidia stock might not necessarily make you a millionaire unless you invest a massive sum. However, including Nvidia in a diversely balanced portfolio of quality stocks could help you grow your wealth, with Nvidia playing a key role.

Regarding the question of investing $1,000 in Nvidia, The Motley Fool’s Stock Advisor analyst has identified 10 top stocks to consider for investment, and Nvidia was not one of them. The 10 selected stocks are predicted to deliver strong returns in the future, yet Nvidia has substantial potential and is still a promising investment option with broader diversification in a portfolio.



Read more: Is Nvidia a Millionaire-Maker? | Nasdaq