By Will Ebiefung
Publication Date: 2026-03-23 15:16:00
Few companies have created as much shareholder wealth as Nvidia (NVDA +1.96%). The industry-leading chipmaker has dominated the generative artificial intelligence (AI) hardware market with its cutting-edge products, high volumes, and popular programming platform, CUDA.
To put Nvidia’s growth in perspective, an investment of $10,000 made years ago would now be worth an eye-popping $2.21 million. That’s a return of over 22,000% compared to the S&P 500‘s gain of 292% over the same time frame. But does the stock still have what it takes to deliver life-changing returns for long-term investors?
AI spending shows no signs of slowing
Despite being the largest company in the world with a market cap of about $4.4 trillion, Nvidia is still growing at a massive clip. Fiscal fourth-quarter revenue soared 73% year over year to $68.1 billion, driven primarily by the data center segment, where customers continue to scramble for the company’s cutting-edge AI training and inference chips, like Blackwell.
There are plenty of signs that suggest Nvidia’s momentum can continue over the next few quarters. The company is now in full production of its Vera Rubin platform, which includes seven new chips designed to tackle different aspects of the AI ecosystem. Perhaps more importantly, Nvidia’s clients have plenty of money to spend on the company’s latest products.
Big tech is expected to spend a whopping $700 billion on AI data center hardware this year, creating a massive total addressable…
