Could $10,000 Invested in Nvidia Today Make You a Millionaire?

If you'd invested $10,000 in shares of Nvidia (NASDAQ: NVDA) a decade ago, your investment would now be worth almost $1.5 million.

Various catalysts have driven the astronomical rise in Nvidia stock over this period. The strong demand for graphics cards used in personal computers (PCs), driven by gaming and cryptocurrency, along with the artificial intelligence (AI)-fueled surge in data center graphics cards, has been instrumental in boosting Nvidia's revenue and earnings in recent years.

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Nvidia's robust growth drivers have made it the world's largest company by market cap. Investors, therefore, may be wondering whether this semiconductor bellwether can make them millionaires once again in the long run. Let's see whether Nvidia can replicate its stunning returns over the coming decade and turn $10,000 into a million dollars.

A 100x jump in Nvidia stock is unlikely, but that's half the story

Nvidia now has a market cap of $5.5 trillion. The stock will need to jump by 100x from current levels to turn $10,000 into a million, which means its market cap will need to exceed $500 trillion for investors to become millionaires.

That seems absurd, considering that the size of the global economy is poised to hit $150 trillion in 2030, according to Visual Capitalist. The firm notes that the global gross domestic product (GDP) is on track to grow by $25 trillion between 2026 and 2030. Nvidia, therefore, is unlikely to become larger than the global economy in the long run.

In simple words, investing $10,000 in Nvidia right now in the hope that this single investment alone will make you a millionaire is not the right idea. However, buying $10,000 worth of Nvidia's shares as a part of a diversified portfolio could indeed help investors achieve their goal of becoming millionaires over the long run.

Nvidia can become a much bigger company over the next decade

Nvidia has grown significantly over the last decade. The company's annual revenue in fiscal 2017 (which ended in January 2017) was $6.9 billion. Analysts expect Nvidia's revenue to land at $411 billion in fiscal 2027, an increase of almost 60x in a decade.

The good news for Nvidia investors is that it still has a lot of room for growth. Deloitte estimates that the global semiconductor market could be worth $975 billion in 2026, with $500 billion coming from sales of AI chips. Nvidia rival AMD forecasts that sales of AI accelerator chips could hit $1 trillion in 2030. Even better, the overall semiconductor market could be worth $2 trillion in 2036, according to Deloitte, even with moderate growth.