To turn $10,000 into $1 million, Nvidia stock would need to increase a hundredfold, or 10,000%. Over the past 10 years, Nvidia stock has increased by more than 24,000%, and an initial $10,000 investment would now be worth over $2.4 million. Can Nvidia stock achieve that again over the next 10 years?

Nvidia stock was edging lower on Tuesday, although its recent so-so performance hasn’t stopped investment bank Jefferies from adding the chip maker to its list of highest-conviction picks. Shares slipped 0.