3 Stocks That Turned $1,000 Into $1 Million (or More)

^{Published on 2024-12-08 08:21:23 - Yahoo Finance}

Looking at history, there are some dominant companies today that have compounded shareholder capital in a remarkable fashion. In fact, here are three stocks that have turned a $1,000 initial investment into $1 million (or more).

The article from Yahoo Finance discusses three stocks that significantly increased in value over the past decade, turning an initial investment of $1,000 into much larger sums. Apple (AAPL) saw its stock rise by 1,000%, meaning a $1,000 investment would have grown to $11,000. This growth was driven by Apple's expansion into new markets like wearables and services, alongside its core iPhone business. Tesla (TSLA) experienced an even more dramatic increase, with its stock soaring by 19,000%, turning $1,000 into $191,000, fueled by its leadership in electric vehicles and renewable energy solutions. Lastly, NVIDIA (NVDA) transformed a $1,000 investment into $120,000, thanks to its pivotal role in the AI and gaming industries, with its GPUs becoming essential for data centers and autonomous driving technology. The article highlights these companies' innovations and market dominance as key factors behind their stock performance.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/3-stocks-turned-1-000-231800339.html ]

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3 Stocks That Turned $1,000 Into $1 Million (or More)