Is Nvidia Stock Your Ticket to Becoming a Millionaire?

By Harsh Chauhan – Mar 9, 2026 at 4:51AM ESTKey PointsNvidia's latest quarterly report makes it clear that the company's impressive growth momentum is here to stay.The stock's valuation is attractive enough for investors to buy it right now.Buying and holding shares of solid companies benefiting from secular growth trends is one of the best ways to grow your money in the stock market, and Nvidia (NVDA 2.94%) is a prime example of this philosophy. A $5,000 investment made in shares of this chip giant a decade ago would now be worth just over $1.1 million. Nvidia stock has delivered terrific gains over the past decade by capitalizing on disruptive trends across industries such as gaming, automotive technology, and artificial intelligence (AI). But can this high-flying chipmaker replicate its terrific performance and help investors become millionaires from here? Image source: Nvidia. Nvidia's growth story isn't over The phenomenal surge in Nvidia stock in the past decade has made it the world's largest company by market capitalization. ExpandNASDAQ: NVDANvidiaToday's Change(-2.94%) $-5.39Current Price$177.95Key Data PointsMarket Cap$4.3TDay's Range$176.83 - $182.7552wk Range$86.62 - $212.19Volume6MAvg Vol177MGross Margin71.07%Dividend Yield0.02% It now has a market cap of just over $4.3 trillion, which is why it would be absurd to expect huge multibagger performance from Nvidia in the coming decade. For instance, a 10x jump from here would take Nvidia's market cap to $43 trillion, while the global economy is expected to be worth $150 trillion by 2030. However, the stock is still a solid buy for anyone looking to construct a million-dollar portfolio. That's because Nvidia continues to deliver big growth, primarily due to massive investments in AI data centers. The company released its fourth-quarter and full-year fiscal 2026 results on Feb. 25. Its revenue for the fiscal year jumped by 65% to almost $216 billion. Non-GAAP (adjusted) earnings per share increased by 60% to $4.77 per share. Importantly, Nvidia's growth is poised to accelerate in the new year. Nvidia expects $78 billion in revenue in the first quarter of fiscal 2027, the current quarter, a jump of 77% over the year-ago period. Note that Nvidia clocked 69% year-over-year growth in the prior-year period. Moreover, Nvidia sees its non-GAAP gross margin landing at 75% this quarter, which would be a major improvement over the year-ago period's 71.3%. Don't be surprised to see this momentum continuing in the coming years. After all, investments in AI are unlikely to slow down. From consumer devices to factories to robots to cars, AI adoption is poised to accelerate, driving robust growth for Nvidia. For example, Nvidia seems to be dominating the next frontier in AI -- physical AI. This concept refers to the integration of AI with real-world physical machines such as autonomous vehicles, drones, and robots. Nvidia generated $6 billion in revenue from physical AI applications. The valuation is too good to ignore Nvidia stock is trading at just 22 times forward earnings estimates, a discount to the tech-laden Nasdaq-100 index's multiple. However, Nvidia's earnings are estimated to grow by a whopping 73% in its current fiscal year. I think it's a no-brainer buy and has a good chance of making investors with a long enough time frame and enough money to invest into millionaires, though diversification is the best way to build a portfolio.Read NextMar 8, 2026 •By Keithen DruryMeet the Artificial Intelligence (AI) Stock I Just PurchasedMar 8, 2026 •By Geoffrey SeilerPrediction Markets Are Booming, but I'd Rather Bet on These 3 AI StocksMar 8, 2026 •By Will HealyWhy Risk-Averse Investors Should Buy Nvidia StockMar 8, 2026 •By James HiresAmazon Just Committed $200 Billion to Capital Expenditures. This Is the AI Stock That Will Benefit Most in 2026.Mar 8, 2026 •By Leo SunThe Artificial Intelligence (AI) Stock That Smart Money Is Buying This MarchMar 8, 2026 •By Jennifer SaibilCan Nvidia Stock Double by 2030?About the AuthorHarsh Chauhan is a contributing Motley Fool technology analyst covering semiconductors, consumer electronics, artificial intelligence, and software. Harsh previously worked as a journalist for CCN Markets covering crypto and macroeconomics, a contributor at Capital 10x covering metals, mining, and industrial stocks, and a research associate at Zacks Investment Research. He holds a bachelor’s degree in commerce from St. Xavier’s College in Kolkata, India.TMFTechJunk13X@techjunk13Stocks MentionedNvidiaNASDAQ: NVDA$177.95(-2.94%)-$5.39*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.