Can a $10,000 Investment in This Artificial Intelligence (AI) Stock Turn Into $1 Million by 2035?
Turning a $10,000 investment in stock into $1 million in a decade is a very ambitious target. To achieve this exceptional goal of 100x returns, a stock has to grow at a minimal compound annual growth rate (CAGR) of over 58% for a whole decade. Hence, the stock must significantly outpace the benchmark S&P 500, which has averaged just 10.2% annual returns over the past century.Image source: Getty Images.Only a few companies, such as Nvidia and Tesla, have ever achieved this feat in their explosive growth phases. What sets these companies apart is their visionary management, technological edge, and vast, underserved addressable markets.Continue reading
Turning a $10,000 investment in stock into $1 million in a decade is a very ambitious target. To achieve this exceptional goal of 100x returns, a stock has to grow at a minimal compound annual growth rate (CAGR) of over 58% for a whole decade. Hence, the stock must significantly outpace the benchmark S&P 500, which has averaged just 10.2% annual returns over the past century.
Image source: Getty Images.
Only a few companies, such as Nvidia and Tesla, have ever achieved this feat in their explosive growth phases. What sets these companies apart is their visionary management, technological edge, and vast, underserved addressable markets.
