It’s not often that individual stocks bring you life-changing wealth, but Bespoke Investment Group has identified a few stocks that will take you back in time.
Bespoke calculated in a note Tuesday that if you invested $1,000 in NVIDIA stock 20 years ago, you would be worth about $944,000 today, putting you one step away from becoming a billionaire. Become.
Maybe it’s not enough to quit your job right away and retire, but you could definitely get there if you had more money on the front end. Bespoke said a $10,000 investment in Nvidia would now be worth $9.44 million, while a $100,000 investment would be worth $94.4 million.
Of course, it takes a significant level of confidence to sustain Nvidia through severe market downturns, including the Great Financial Crisis, the COVID-19 pandemic, and the Federal Reserve’s most aggressive interest rate hike campaign in over 40 years. would have been necessary. .
Bespoke also noted that among all stocks in the S&P 1500, which includes the large-cap S&P 500, S&P MidCap 400, and S&P SmallCap 600, Nvidia has been the best performer based on total return over the past 20 years.
The AI boom has propelled Nvidia from a chip company best known for its graphics processors used in video games to an essential supplier of the technology that powers generative AI. In a sign of the times, the stock replaced Intel on the Dow Jones Industrial Average last month.
Meanwhile, NVIDIA co-founder and CEO Jensen Huang is doing well himself. He ranks 11th on the Bloomberg Billionaires Index with a net worth of $118 billion.
Another company that has undergone a similar transformation and has seen significant gains is Netflix. Netflix has grown from renting DVDs by mail to a streaming and original content powerhouse that has turned Hollywood upside down.
Bespoke calculated that a $1,000 investment in Netflix stock 20 years ago would be worth more than $550,000 today.
Nvidia and Netflix are among eight stocks that have turned $1,000 into more than $100,000 over the past 20 years. Others include Texas Pacific Land, Apple, Booking Holdings, Monster Beverage, Intuitive Surgical and Amazon, Bespoke said.
NFL legend Rob Gronkowski also demonstrated the power of picking the right stocks at the right time. He told Fortune that he bought $69,000 worth of Apple stock 10 years ago on advice from a contractor, an investment that is now worth $600,000.
“I’m telling you, he built me a house and told me to invest in Apple and gave me all the money back,” he said.
This article originally appeared on Fortune.com
