{"id":293945,"date":"2024-12-01T19:53:36","date_gmt":"2024-12-01T19:53:36","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/12\/01\/nvidia-stock-1000-buy-20-years-ago-would-be-nearly-1-million-now\/"},"modified":"2024-12-01T19:53:36","modified_gmt":"2024-12-01T19:53:36","slug":"nvidia-stock-1000-buy-20-years-ago-would-be-nearly-1-million-now","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/12\/01\/nvidia-stock-1000-buy-20-years-ago-would-be-nearly-1-million-now\/","title":{"rendered":"Nvidia stock: $1,000 buy 20 years ago would be nearly $1 million now"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/12\/GettyImages-1258278568-e1733073327610.jpg?w=2048\" \/><\/p>\n<p>It\u2019s not often that individual stocks can deliver life-changing wealth, but the Bespoke Investment Group identified several that will make you want to travel back in time.<\/p>\n<div>\n<p>In a note on Tuesday, Bespoke calculated that a $1,000 investment in <a href=\"https:\/\/fortune.com\/company\/nvidia\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/nvidia\/\" rel=\"noopener\">Nvidia<\/a> stock 20 years ago would be worth about $944,000 now, meaning you would be on the cusp of being a millionaire.<\/p>\n<p>Maybe that\u2019s not quite enough to immediately quit your job and retire, but more money on the front end would\u2019ve certainly gotten you there. A $10,000 Nvidia investment would be worth $9.44 million today, and $100,000 would be $94.4 million, according to Bespoke. <\/p>\n<p>Of course, that would\u2019ve required a significant level of faith to hold onto Nvidia through some white-knuckle market downturns like the Great Financial Crisis, the COVID-19 pandemic, and the Federal Reserve\u2019s most aggressive rate-hiking campaign in over 40 years.<\/p>\n<p>Bespoke also pointed out that Nvidia is the best performer on a total-return basis over the last two decades among all stocks on the <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-composite-1500\/#overview\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-composite-1500\/#overview\" rel=\"noopener\">S&amp;P 1500<\/a>, which includes the large-cap S&amp;P 500, the S&amp;P MidCap 400 and S&amp;P SmallCap 600.<\/p>\n<p>You can thank the AI boom, which propelled Nvidia from a chip company best known for graphics processors used in video games to the indispensable supplier of technology that powers generative AI. In a sign of the times, the stock <a href=\"https:\/\/fortune.com\/2024\/11\/01\/nvidia-stock-nvda-intel-intc-dow-jones-industrial-average-ai-chips\/\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/2024\/11\/01\/nvidia-stock-nvda-intel-intc-dow-jones-industrial-average-ai-chips\/\" rel=\"noopener\">replaced Intel on the Dow Jones Industrial Average<\/a> last month.<\/p>\n<p>Meanwhile, Nvidia cofounder and CEO Jensen Huang has done well for himself too. He\u2019s number 11 on the Bloomberg Billionaire Index with a net worth of $118 billion.<\/p>\n<p>Another company that also experienced a transformation and has delivered massive gains is <a href=\"https:\/\/fortune.com\/company\/netflix\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/netflix\/\" rel=\"noopener\">Netflix<\/a>, which went from renting out DVDs by mail to becoming a streaming and original content powerhouse that has upended Hollywood. <\/p>\n<p>Bespoke calculated that a $1,000 investment in Netflix stock 20 year ago would be worth more than $550,000 today. <\/p>\n<p>Nvidia and Netflix are among eight stocks that have turned $1,000 into more than $100,000 over the last 20 years.\u00a0Others include Texas Pacific Land, <a href=\"https:\/\/fortune.com\/company\/apple\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/apple\/\" rel=\"noopener\">Apple<\/a>, <a href=\"https:\/\/fortune.com\/company\/booking-holdings\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/booking-holdings\/\" rel=\"noopener\">Booking Holdings<\/a>, <a href=\"https:\/\/fortune.com\/company\/monster-beverage\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/monster-beverage\/\" rel=\"noopener\">Monster Beverage<\/a>, <a href=\"https:\/\/fortune.com\/company\/intuitive-surgical\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/intuitive-surgical\/\" rel=\"noopener\">Intuitive Surgical<\/a>, and\u00a0<a href=\"https:\/\/fortune.com\/company\/amazon-com\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/amazon-com\/\" rel=\"noopener\">Amazon<\/a>, Bespoke said.<\/p>\n<p>NFL legend Rob Gronkowski also showed us the power of picking the right stock at the right time. He told <em>Fortune<\/em> that <a href=\"https:\/\/fortune.com\/2024\/11\/26\/rob-gronkowski-net-worth-apple-stock\/\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/2024\/11\/26\/rob-gronkowski-net-worth-apple-stock\/\" rel=\"noopener\">he\u00a0bought $69,000 worth of\u00a0Apple\u00a0stock<\/a> on advice from his contractor 10 years ago, and that investment is now worth $600,000.\u00a0<\/p>\n<p>\u201cLet me tell you, he built my house, and he gave all the money back to me by telling me to invest in Apple,\u201d he said.<\/p>\n<\/div>\n<div data-cy=\"subscriptionPlea\"><b>How many degrees of separation are you from the globe&#8217;s most powerful business leaders? <\/b>Explore who made our brand-new list of the <a href=\"https:\/\/fortune.com\/ranking\/most-powerful-people\/?&amp;itm_source=fortune&amp;itm_medium=article_tout\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/ranking\/most-powerful-people\/?&amp;itm_source=fortune&amp;itm_medium=article_tout\" rel=\"noopener\">100 Most Powerful People in Business<\/a>. Plus, learn about the metrics we used to make it.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/12\/01\/nvidia-stock-1000-buy-20-year-investment-return-millionaire-netflix-apple\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s not often that individual stocks can deliver life-changing wealth, but the Bespoke Investment Group identified several that will make you want to travel back<\/p>\n","protected":false},"author":1,"featured_media":293946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[170],"tags":[],"class_list":["post-293945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/293945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=293945"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/293945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/293946"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=293945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=293945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=293945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}