The article also highlights the story of NFL legend Rob Gronkowski, who turned a $69,000 investment in Apple into $600,000 on the advice of his contractor. The success of these stocks is largely attributed to significant transformations within the companies, such as Nvidia's shift from a chip company to a key supplier of AI technology, and Netflix's transition from a DVD rental service to a streaming and original content powerhouse.
Key takeaways:
- A $1,000 investment in Nvidia stock 20 years ago would be worth about $944,000 now, according to Bespoke Investment Group.
- Nvidia is the best performer on a total-return basis over the last two decades among all stocks on the S&P 1500.
- A $1,000 investment in Netflix stock 20 years ago would be worth more than $550,000 today.
- Other stocks that have turned $1,000 into more than $100,000 over the last 20 years include Texas Pacific Land, Apple, Booking Holdings, Monster Beverage, Intuitive Surgical, and Amazon.