The past decade has been outstanding for Nvidia (NASDAQ: NVDA) investors. Shares of the chipmaker have delivered handsome annual gains of more than 60% during this period, turning an investment of just $100 into more than $11,500.

Nvidia's terrific gains over the past 10 years can be attributed to its metamorphosis from a manufacturer of graphics cards meant for gaming personal computers (PCs) into a company whose chips are now used across a wide range of applications including data centers, cars, and digital twins. And now, Nvidia is right in the middle of the artificial intelligence (AI) boom with its chips playing a mission-critical role in the proliferation of this technology.

As such, it won't be surprising to see the next decade turn out to be a rewarding one for Nvidia investors, just like the last 10 years. This article will take a closer look at its key catalysts first and then see how much upside investors could expect from the stock over the next decade.

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Source Fool.com