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

Key Points

• Nvidia is experiencing tremendous demand for its products as data centers and AI factories are being built at a rapid pace.

• Its key partners and clients are demonstrating strong performance.

• Nvidia is still reporting high sales increases, but they're beginning to decelerate.

• 10 stocks we like better than Nvidia ›

Nvidia (NASDAQ: NVDA) continues to captivate investors with its incredible growth story. Artificial intelligence (AI) has become a booming industry, but it may just be in its early stages. Nvidia is a key player in AI, and it has a lot to gain as the trend grows.

It doesn't report earnings until Aug. 27, but Nvidia stock is climbing, riding the coattails of AI stocks that have been booming over the past few weeks. The market has rebounded and investors feel more confident in the economy, and several AI stocks impressed the market with their earnings last week. Microsoft joined Nvidia in the $4 trillion market cap club, and Meta Platforms, Amazon, and Apple all crushed expectations for second-quarter results.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

It's an exciting setup for what Nvidia might report in just a few weeks, and it bodes well for the future of AI and Nvidia's business. Can investing $10,000 in Nvidia stock today make you a millionaire?

Image source: Getty Images.

The king of the AI chip

Nvidia stock surged over the past few years as the dominant leader in chips that power AI. It has as much as 95% of the market, and it has relationships with most of the AI developers, like the tech stocks mentioned above, translating into long-term contracts, reliable revenue growth, and high barriers to entry for competitors. Although there are other companies that produce AI chips, Nvidia constantly upgrades its platform and offers even more powerful technology, ensuring ongoing partnerships with its clients and a widening moat.

What's important to note about the success of its high-profile tech clients is that if they're doing well, the likelihood is that Nvidia is also going to beat expectations. Management is forecasting revenue to increase 50% over last year in the 2026 fiscal second quarter, which will be reported on Aug. 27.

The data center opportunity

Data centers have been driving sales recently, and this is a high-opportunity space. AI companies need vast amounts of power to run the inference and reasoning that make their large language models (LLM) perform effectively, and they need Nvidia's GPUs to process all of the raw data in massive data centers. Data center revenue increased 73% year over year in the 2026 fiscal first quarter (ended April 27), while total sales were up 69%.

Management said that the Blackwell architecture, a more powerful technology that replaced its previous Hopper technology, was it fastest-ever ramp-up, as it managed a sharp jump in demand for inference. There's been tremendous development in AI factories, which require greater power, with 100 Nvidia-powered new factories in the first quarter, double from last year, and the average number of chips in each one also doubled from last year. It has projects coming up that need "tens of gigawatts" of Nvidia products on the horizon.

According to McKinsey, by 2030, companies are going to be spending nearly $7 trillion on data centers. Nvidia is positioned to benefit from that spending over the next five years.

It all may not be enough

Nvidia has an incredible long-term opportunity, and it's still demonstrating the kind of growth young growth companies are trying to emulate. However, it may not be that stock that can turn $10,000 into $1 million. Turning $10,000 into $1 million implies 10,000% growth.

Based on current performance, you might think Nvidia can do that, because it's still reporting the kind of growth a young tech stock might demonstrate. However, it's already decelerating, and it's expected to slow down further. It's just simply too hard to increase percentage-wise from a base that's as big as Nvidia's is today. Even if in dollars it's growing faster than smaller companies, its stock won't be able to gain unless the percentage increases can match.

It's very likely that Nvidia will cross the $5 trillion market cap threshold very soon, but it's unlikely that it can increase 10,000%, even in the distant future.

I think Nvidia could be an excellent component of a millionaire-maker portfolio, but I wouldn't expect a $10,000 investment in Nvidia stock to make you a millionaire on its own.

Should you invest $1,000 in Nvidia right now?

Before you buy stock in Nvidia, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,064,820!*

Now, it’s worth noting Stock Advisor’s total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of August 4, 2025

Jennifer Saibil has positions in Apple. The Motley Fool has positions in and recommends Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.