TSLA - 3 Stocks That Turned $10000 Into More Than $100000 in Just 5 Years
2024-06-01 03:10:00 ET
You don't need to be rich to make a lot of money on the stock market. While it certainly helps if you can invest larger sums of money, it's possible to generate some life-changing returns with more modest sums. You just need to buy the right stocks. Three stocks that turned a $10,000 investment into $100,000 over the past five years are Super Micro Computer (NASDAQ: SMCI) , Tesla (NASDAQ: TSLA) , and Builders FirstSource (NYSE: BLDR) .
Here's a closer look at each one of these businesses, including a discussion about why their shares took off and whether they remain good investments for your portfolio today.
A $10,000 investment in Supermicro just five years ago would now be worth more than $429,140. The stock surged as investors saw it as a promising artificial intelligence (AI) play. Supermicro provides companies with AI solutions, including servers, which can help train complex artificial intelligence models.
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3 Stocks That Turned $10,000 Into More Than $100,000 in Just 5 Years