By Rick Munarriz
Publication Date: 2026-11-12 13:07:00
Sometimes opportunity knocks. Other times, it just knocks you out. Nvidia (NVDA +2.87%) shed its market cap crown two weeks ago, and the gap continues to widen. The leading maker of AI chips and other high-level computing solutions has shed nearly 30% of its value since peaking last month.
The stock is surprisingly cheap right now. With a critical earnings report now less than a week away, is this a good place for your next investment? Delivering on the headline that brought you here, can laying $5,000 on Nvidia now make you a millionaire?
You probably know the answer. I have some hard truths if you don’t.
Image source: Getty Images.
Investing is a marathon
Turning any $5,000 investment into a cool million will require patience. Nvidia stock would have to become a 200-bagger to hit seven figures. Put differently, Nvidia commands a market cap just above $4 trillion. There is only one other company on the planet with a higher price tag. Nvidia would have to top $800 trillion for a 200-bagger, and that is if Nvidia’s share count doesn’t increase over that time.
There is some good news on that front. Nvidia’s been an aggressive buyer of its shares. It’s been retiring more shares than it’s been issuing for stock-based compensation or acquisitions. Its fully diluted share count is declining for the fifth consecutive fiscal year, a nearly 4% reduction over that time.
Nvidia is just getting started. Its board of directors recently announced a corporate record $150 billion in…
