Investor Who Made $20 Million on Nvidia Stock Reveals the Next Big Opportunity

Photo illustration in London, UK - 20 Jun 2024
Dominika Zarzycka / SOPA Images / Shutterstock.com

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Investing in Nvidia a decade ago would have delivered a roughly 21,000% return. That kind of gain, however, required making a big bet on the company back when it was largely viewed as a crypto-adjacent stock and AI chips were still on the horizon.

One young investor poured money into the stock during that period and turned it into a $20 million position. He is now retired in his 20s and does some consulting work on the side. Recently, he shared how he spotted the opportunity — and where he believes the next big investing opportunity could be found.

What To Look For in a Stock

The Nvidia investor appeared in a Whop on the Street video in which host Josh Suggs asked Wall Street millionaires how to get rich. A former software engineer, the investor said he focused on stocks he believed could take off over the next 10 to 15 years.

Nvidia made it on his radar because everyone was talking about the chipmaker in academia. They viewed it as a company that could make AI come to life. Some people knew that cracking the AI code could lead to tremendous riches, and instead of creating the next Nvidia, the investor bought Nvidia stock. Given the more than 21,000% return over the past decade, he didn’t even need to invest $100,000 to reach eight figures.

Nvidia wasn’t the only stock he bought, but it was the only one mentioned in the interview. The investor suggested sticking with an ETF that mirrors the S&P 500 if you are just getting started, but his story highlights how you can multiply wealth faster by choosing the right stocks.

Find Out: 6 Safe Accounts Proven To Grow Your Money Up To 13x Faster

The Next Nvidia

The investor pointed to quantum computing as the next major opportunity that could produce the next Nvidia. He cited a recent breakthrough by Google involving its Willow chip, which brought quantum computing closer to real-world applications.

He suggested investing in quantum computing ETFs, noting that even if not every company succeeds, one or more holdings could emerge as the industry’s breakout winner.

Quantum computing has the potential to solve certain problems much faster than classical computing. The technology, however, is still prone to errors. Once those challenges are addressed, quantum computing could see a faster path to mainstream adoption — similar to how advanced semiconductor chips helped bring AI into everyday use.

Investors should conduct thorough research before buying quantum computing stocks. IonQ, Rigetti Computing and D-Wave Quantum are among the most well-known companies in the space. They remain speculative but could rally if quantum computing is successfully commercialized.

Discipline Over the Long Run Builds Wealth

The Nvidia investor shared some advice for young professionals as the interview came to a close. He touted discipline as vital for achieving long-term financial freedom and believes everyone should invest 20% of their paycheck.

“Make sure you are putting away money every single month,” he said.

The Nvidia investor also said that this is the best time to invest. It’s easier to learn about funds, companies, sectors, and the stock market as a whole. Information is available at our fingertips, and learning a little about the stock market every day can help you find compelling long-term opportunities before most investors notice.

This article is for informational purposes only and does not constitute financial advice. Investing involves risk, including the possible loss of principal. Always consider your individual circumstances and consult with a qualified financial advisor before making investment decisions.

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