No Pain, No 100,000% Gain

Core Insights - Nvidia has achieved an extraordinary return of 107,479% since its initial recommendation in 2005, significantly outperforming the S&P 500's 726% return during the same period [2][13] - The stock has doubled ten times since 2005, with most of these doubling periods taking 2.5 years or less [5][6] - Nvidia's journey has been marked by volatility, including an 85% drop at one point, yet it has consistently rebounded to achieve remarkable gains [19][22] Performance Metrics - Nvidia's stock has completed ten doubling laps since 2005, with the first doubling taking 9 months and the most recent doubling expected to take 16 months [6] - The stock has had 10 calendar years with gains of 100% or more, compared to only 7 years of losses [9][10] - Nvidia's performance has been so strong that it has outperformed all other Stock Advisor recommendations by over 106,000 percentage points [13] Market Position - Nvidia broke the $4 trillion market cap barrier in July 2023, joining the ranks of other tech giants like Apple and Microsoft [8] - The company has been a foundational stock in the Stock Advisor service since 2022, indicating its strong market position and investor confidence [32] Investment Philosophy - The narrative emphasizes the importance of holding onto winning stocks like Nvidia, as selling too early can lead to significant opportunity costs [23][24] - The investment thesis for Nvidia has evolved over time, reflecting changes in the market and the company's business model, including its expansion into cloud computing and AI [27][29] Stock Splits and Accessibility - Nvidia has undergone multiple stock splits since 2005, making it more accessible to investors and significantly increasing the number of shares held by long-term investors [30][34] - The original cost basis for Nvidia shares is adjusted to $0.16, highlighting the potential for substantial returns from long-term investments [30]