To turn $10,000 into $1 million, Nvidia stock would need to increase a hundredfold, or 10,000%. Over the past 10 years, Nvidia stock has increased by more than 24,000%, and an initial $10,000 investment would now be worth over $2.4 million. Can Nvidia stock achieve that again over the next 10 years?

Nvidia stock was edging lower on Tuesday, although its recent so-so performance hasn’t stopped investment bank Jefferies from adding the chip maker to its list of highest-conviction picks. Shares slipped 0.

Nvidia reported its fiscal first-quarter results after Wednesday’s closing bell. Investors are focused on the company's ability to withstand restrictions on its China business, as well as Nvidia’s overall trajectory with its new Blackwell lineup.