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Globe and Mail
3 minutes ago
- Globe and Mail
Can Buying $10,000 of Nvidia Stock Still Make You a Millionaire?
Key Points Nvidia would have to grow to nearly 4x last year's global GDP to turn $10,000 into $1 million. Achieving this goal is theoretically possible, but highly improbable. 10 stocks we like better than Nvidia › If you had invested $10,000 in Nvidia (NASDAQ: NVDA) on the day of its initial public offering in 1999 and never sold, you'd have a whopping $42.4 million today. Even if you had waited until 2015 to buy $10,000 of the stock and held on for the wild ride, your investment would be worth roughly $3.58 million now. But, as the old saying goes, hindsight is 20/20. Can buying $10,000 of Nvidia stock still make you a millionaire? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » What it would take Let's first address what it would take for a $10,000 investment in Nvidia to make you a millionaire. The math is simple: Since $1 million divided by $10,000 is 100, Nvidia would need to deliver a 100x gain. Most stocks aren't able to produce that kind of return, even over a lifetime. However, Nvidia has done it in less than nine years. Admittedly, it's hard to envision Nvidia doing it again. After all, the GPU maker now sports a market cap of over $4.2 trillion -- the highest valuation for any company ever. To turn $10,000 into $1 million, Nvidia's market cap would have to grow to a mind-blowing $420 trillion. To put that figure into perspective, the U.S. GDP last year was roughly $29.2 trillion. The GDP for the entire world was around $110.5 trillion. All Nvidia would have to do to make you a millionaire with a $10,000 investment is to grow to 3.8 times the economic output of every country on the planet. Easy, peasy, right? Potential scenarios It's hard to envision how Nvidia could grow 100x. However, I can come up with two potential scenarios where it could at least theoretically happen. The first scenario involves Nvidia achieving a revolutionary breakthrough that gives it a monopoly on technology that everyone wants. Maybe the company builds a teleportation device that allows people and products to be instantly transported anywhere. Perhaps a more likely goal would be to create AI superintelligence, an artificial general intelligence (AGI) system that's smarter than any human who has ever lived. Nvidia has teamed up with partners, including Turing, who are trying to develop AGI systems. The company's GEAR group (GEAR stands for "generalist embodied agent research") is trying to build foundation models, agents, and robots that might eventually achieve AGI. The second scenario requires time and consistently strong earnings growth. Nvidia's earnings jumped 31% year over year in the first quarter of 2025. Stock prices tend to track earnings growth over the long term. If we assume that Nvidia continues to grow by 31% for the next 17 or so years, its share price would increase by 100x. However, to deliver such stellar growth over such a long period, Nvidia might need a game-changing breakthrough mentioned in the first scenario. Facing long odds Is it possible that buying $10,000 of Nvidia stock right now could make you a millionaire? Sure. Is it probable? No way. The odds against Nvidia delivering a 100x gain are enormous. Of course, that's true for pretty much any other stock. However, I suspect that Nvidia could still make investors millionaires. It'll just take more money and potentially a long time. If you want $10,000 to turn into $1 million, though, you might have to find a smaller stock with tremendous growth prospects -- in other words, another Nvidia of 10 to 20 years ago. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
12 minutes ago
- Globe and Mail
The Stock Warren Buffett Spent $78 Billion Buying Over the Last 7 Years Is Slumping, and It Begs the Question: Has the Oracle of Omaha Lost His Touch?
Key Points Warren Buffett has purchased close to $78 billion worth of his favorite stock since the midpoint of 2018 -- and you won't find it listed in Berkshire Hathaway's quarterly 13F filings. However, Berkshire's billionaire chief hasn't spent a dime buying shares of this stock for at least three quarters -- and there's a good reason why. Buffett sticking to his roots and purposefully sitting on his hands until valuations make sense shouldn't be misconstrued as weakness. 10 stocks we like better than Berkshire Hathaway › Berkshire Hathaway 's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett is widely viewed as Wall Street's greatest money manager. Without relying on fancy charting software or algorithms, the aptly named Oracle of Omaha became one of the richest people in the world and watched Berkshire grow into one of only 11 public companies worldwide to ever hit a $1 trillion valuation. Buffett's track record -- he's overseen a 5,868,186% cumulative return in Berkshire Hathaway's Class A shares (BRK.A) in six decades -- has earned him a huge following, which includes investors who aim to mirror his trading activity. But with Warren Buffett's most-purchased stock over the last seven years recently falling more than 10% as the broad-based S&P 500 and growth-fueled Nasdaq Composite power to fresh all-time highs, the question has to be asked: Has Berkshire's billionaire CEO lost his touch? Warren Buffett's favorite stock is a company near and dear to his heart Most investors track the Oracle of Omaha's buying and selling activity by following Berkshire Hathaway's quarterly Form 13F filings. This required filing for institutional investors with at least $100 million in assets under management concisely lists all buying and selling activity from the previous quarter. However, there's a catch: Buffett's favorite stock to buy isn't listed in his company's quarterly filed 13Fs. To get the skinny on this top stock, you'll need to dig into Berkshire Hathaway's quarterly operating results. On the final page of each quarterly report, just prior to the executive certifications, you'll find a detailed breakdown of exactly how much Wall Street's most-revered billionaire money manager spent on his favorite stock (cue the dramatic music)... which happens to be shares of his own company. Prior to July 2018, Warren Buffett and now-late right-hand man Charlie Munger were only allowed to repurchase shares of Berkshire Hathaway stock if it fell to or below 120% of book value (i.e., no more than 20% above listed book value). Unfortunately, Berkshire's stock never fell to or below this line-in-the-sand threshold, which resulted in no buyback activity. On July 17, 2018, Berkshire's board amended and simplified the rules governing buybacks to two criteria. It allowed the Oracle of Omaha to repurchase shares with no ceiling or end date as long as: Berkshire has at least $30 billion in combined cash, cash equivalents, and U.S. Treasuries on its balance sheet; and Buffett views shares of his company as intrinsically cheap. This latter point is purposefully vague so as to give Buffett the discretion to put his company's capital to work via buybacks whenever he feels it's appropriate. Between July 1, 2018, and March 31, 2025, Berkshire's billionaire chief bought back almost $78 billion worth of his company's shares. This is more than Buffett has spent buying Berkshire's existing stakes in Apple, Bank of America, American Express, Coca-Cola, and Chevron, combined. But the Oracle of Omaha's favorite stock is slumping. As of this writing on July 23, it's down more than 10% from its all-time closing high in early May. Perhaps more importantly, it's underperforming the benchmark S&P 500 on a year-to-date basis. Berkshire Hathaway's slump is a sign of Buffett's resolve and shouldn't be confused with weakness With Berkshire's billionaire chief set to turn 95 in less than five weeks, as well as retiring from the CEO role at the end of this year, few investors would fault him for losing his touch. But what we're witnessing with Berkshire's stock at the moment isn't a sign of Buffett failing. Rather, it's validation of his resolve and investment philosophies. During his six decades as CEO, Buffett has bent a few of his own unwritten investment rules. For instance, while he's often viewed as a long-term investor, he and his top advisors purchased shares of gaming giant Activision Blizzard in 2022 as a short-term arbitrage opportunity given Microsoft 's $95-per-share all-cash offer to acquire the company. But the one investment philosophy Warren Buffett hasn't wavered on in six decades is his desire to get a good deal. Value is of the utmost importance to Berkshire Hathaway's billionaire chief. No matter how much he appreciates a company's competitive edge, brand, and/or management team, he's not going to buy shares if the valuation doesn't make sense. When Buffett green-lit the cumulative purchase of nearly $78 billion worth of his favorite stock over 24 quarters (six years), Berkshire Hathaway stock consistently traded at a 30% to 50% premium to its book value. But between July 1, 2024, and March 31, 2025, Buffett hasn't spent a dime to repurchase his company's stock. The reason? Berkshire's premium to book climbed to between 60% and 80%. Even shares of the Oracle of Omaha's own company are off-limits when the valuation no longer makes sense. BRK.A Price to Book Value data by YCharts. However, Buffett's cold-turkey approach with his own company's stock isn't unique. He's been a net-seller of equities for 10 consecutive quarters, with $174.4 billion more in stocks sold than purchased. Back in 2001, in an interview with Fortune magazine, Buffett referred to the market-cap-to-GDP ratio as, "probably the best single measure of where valuations stand at any given moment." This valuation tool, which divides the cumulative value of all public companies by U.S. gross domestic product (GDP), has averaged a multiple of 85% when back-tested to 1970. This is to say that the aggregate value of all publicly traded stocks has equaled about 85% of U.S. GDP over 55 years. As of the closing bell on July 22, the " Buffett Indicator," as this valuation measure is now more-commonly known, hit a record high of 212.23%! Value isn't just hard to come by in this market -- it's practically nonexistent. What we're witnessing from Buffett isn't weakness. Rather, we're seeing a time-tested investor sticking to his roots and purposefully sitting on his hands until valuations make sense. Though there's no timeline as to when valuations will fall back into Warren Buffett's (or successor Greg Abel's) wheelhouse, patience has proved to be a virtue and substantial moneymaker in the past for Berkshire's CEO and the company's shareholders. Should you invest $1,000 in Berkshire Hathaway right now? Before you buy stock in Berkshire Hathaway, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Berkshire Hathaway wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
CBC
34 minutes ago
- CBC
Crombie vows to fight on in face of Ont. Liberal leadership challenge
Bonnie Crombie says she will spend the summer pitching a message of unity to Ontario Liberal Party faithful, as she fights to fend off a bid to remove her as leader in September. Crombie faces a mandatory leadership review at the party's annual general meeting and, under the organization's constitution, needs over 50 per cent support to stay on. But a group of Liberals has emerged calling for new leadership, a sentiment echoed by the candidate who finished second in the 2023 race she won. Crombie said she has spent the last few months touring the province, speaking with riding association presidents, candidates and party members. She wants to stay on as leader and intends to fight, she said in an interview with CBC News. "Certainly, the membership thought I was the right person in December of 2023," she said of her victory. "I think they still believe so today and I'm here to rebuild trust and to revitalize our party." Crombie won the Liberal leadership in a closer than expected third ballot vote at a party convention a year and a half ago. She edged out federal MP and former cabinet minister Nathaniel Erksine-Smith with 53 per cent of delegate points to his 47 per cent. But much has changed since her victory. WATCH | Crombie reacts to Ontario election loss: Crombie reacts to Ontario election loss 5 months ago Party members raise questions after 3rd place finish in seat count Doug Ford's Progressive Conservatives called a snap election earlier this year and won a third-straight majority government. Crombie's Liberals came second in the popular vote, winning nearly 30 per cent support. That translated to winning 14 seats and helped the party secure official party status — along with millions in resources — for the first time since 2018. But the Liberals remain the third place party in the legislature despite their improved vote share. Crombie failed to win her own seat in Mississauga where she once served as mayor, leaving her outside of the house and its debate. "Obviously, we wanted to win and we didn't," she said. "And I will say to you that that's very humbling." The results have given rise to criticism from some within the party. A group dubbed the New Leaf Liberals says Crombie's team was caught flat-footed by the snap vote, despite Ford musing about calling the election since last summer. As a result, it didn't have candidates in place fast enough to run competitive campaigns in many ridings. The group also says Crombie's team didn't pivot away from its health-care-themed platform when it became clear the election was focused on Trump, tariffs and the economy. Despite the Liberal Party constitution rules, Nathaniel Arfin, one of the group's founders, said the threshold should be higher for Crombie to stay on. In the group's view, she needs a minimum 66 per cent vote in the review to remain leader. "We are strictly calling for the current leadership to recognize that they have failed us and that it's time for us to move forward with change so that we can build a stronger Ontario Liberal Party," he said. And while Arfin said he has worked for Nate Erskine-Smith in the past, the group is not affiliated with the federal MP or other possible candidates. Erksine-Smith calls for change at the top of Ontario Liberal Party Erksine-Smith also said he is not affiliated with the group and has not decided if he will run if Crombie is forced out. "This isn't about me, it's about what's best for the party," he said in an interview with CBC News. He agreed a two-thirds majority of voting party members should be required if Crombie wants to stay on. "If you can't secure 66 per cent of your members, I mean, good luck in a general election," he said. Erskine-Smith said he's concerned that the registration fees for the event, as well as the cost to travel and attend the meeting in Toronto, will discourage many Liberals. He issued an open letter earlier this month calling on delegates to dump Crombie. "A new leadership race would attract talent, it would attract contributions, it would attract public attention, and that's exactly what we need if we're going to renew this party in a serious way," he said. Crombie said she has heard the criticisms from the group and from other members of the party as she toured the province this summer. She's making changes to address those, including opening candidate nominations in January 2026 for the next provincial election, providing more support to rural and northern ridings, and holding more policy conventions. "Many of the requests that this new organization has made, we have responded to," she said. "And if they want reform and change, I want them to know that I want it too." Crombie also said she thinks there are members of the party stoking discontent for their own gain. "There are people who have put their own ambitions ahead of the party," she said. "I think that's what we're seeing here." Despite some opposition, Crombie continues to have support. The Ontario Liberal Party executive endorsed Crombie's continued leadership after the election. And since Erskine-Smith published his open letter, most of the party caucus and former premier Kathleen Wynne have signalled their support for Crombie on social media. Former Ontario Liberal cabinet minister John Milloy said Erskine-Smith's showing in the 2023 race was impressive. However, the fact that he didn't run for the provincial Liberals in the last election, opting instead to run again federally, may lead some members to question his commitment to the Ontario party, he said. "Nate Erskine-Smith is trying to position himself as the heir apparent," Milloy said. "He's got a long way to go with that." "I don't think (the party has) the luxury of having some knock them down, drag them out, internal battle that goes on for years," added Milloy, who is now the director of the Centre for Public Ethics at Martin Luther University College. Crombie has good reason to be worried about the challenge, said McMaster University political science professor Peter Graefe. Winning the review vote by a healthy margin is essential and that could mean capturing as much 75 per cent. The in-fighting among the Liberals is a symptom of larger problems with the party still struggling to find its identity after a brutal 2018 loss, Graefe said. "The political base of parties is often very impatient and expect magic from leaders, when really they're the ones who have to make the magic happen through organization," he said. The Ontario Liberal Annual General meeting takes place from Sept. 12 to 14.
