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Could Investing $20,000 in Nvidia Make You a Millionaire?

TheMotleyFool

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Could Investing $20,000 in Nvidia Make You a Millionaire?: https://g.foolcdn.com/editorial/images/765434/man-with-raised-hands-amid-flying-currency-notes.jpg

Nvidia (NASDAQ: NVDA) has turned out to be a top investment over the past decade. A $20,000 investment made in the semiconductor giant 10 years ago would be worth more than $3.4 million today -- up by around 170 times in value.

It is also worth noting that the company has taken less than a decade to turn a $20,000 investment into precisely a $1 million. Assuming you bought $20,000 worth of Nvidia stock on Aug. 1, 2016, your investment would now be worth just into seven figures.