2023-03-31 05:21:00 ET
A few big winners can turn a mediocre portfolio into a monster portfolio. Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) are proof of that. Shares of Nvidia soared 8,250% over the past decade, meaning an initial investment of $20,000 would now be worth $1.7 million. Similarly, shares of Tesla climbed 7,340% over the past decade, turning an initial investment of $20,000 into nearly $1.5 million.
Are these growth stocks still worth buying?
Semiconductor company Nvidia stumbled last year as high inflation reduced demand for its gaming and data center chips. Revenue remained flat at $27 billion and free cash flow fell 53% to $3.8 billion. Unfortunately, management expects current quarter revenue to decline 22% as economic headwinds continue to suppress demand, though guidance implies operating expenses will also fall sharply.
For further details see:
2 Growth Stocks That Turned $20,000 Into $1 Million In the Last Decade