2 Stocks That Have Turned $10,000 Into More Than $1 Million in 10 Years

Core Insights - Long-term investments can yield significant returns, with a focus on patience and growth stocks being essential for success [2] - Nvidia and Advanced Micro Devices (AMD) have both shown remarkable returns over the past decade, with Nvidia leading the way [3] Nvidia - A $10,000 investment in Nvidia a decade ago would now be worth $2.41 million, reflecting a staggering 24,000% increase [4] - Nvidia's growth is primarily driven by its dominance in the AI chip market, which has led to high profit margins and substantial sales growth [5] - Currently, Nvidia has a market cap of $4.55 trillion and trades at a P/E ratio of 53, indicating potential for long-term growth despite seeming expensive [7] - While future returns may not match past performance, Nvidia remains a solid long-term investment option [8] Advanced Micro Devices (AMD) - A $10,000 investment in AMD would have grown to approximately $1.1 million over the past decade, with returns of about 10,940% [9] - AMD has been gaining traction in AI chip development and has recently outperformed Nvidia in stock performance this year [10] - The company has a market cap of around $375 billion and trades at a P/E ratio of 114, suggesting it is more expensive than Nvidia but still has growth potential in the AI sector [11] - AMD is gaining recognition and could generate significant AI-related revenue in the near future, making it a viable long-term investment [12]