Stock investing is one of the best methods employed to grow wealth over time, and it requires patience depending on various factors. Stock investing is all about buying shares of companies you believe will have incredible growth in the long term, which will reflect in gains on your investments.
Over the years, we’ve seen several companies undergo tremendous growth in the stock market, and I’ll be covering some of them in this article. Below are the six best stocks in the last ten years.
Nvidia (NVDA)
Nvidia (NVDA) has constantly been the talk of the investor market, as it has experienced astounding growth over the last decade. Growing to an incredible market capitalization of $2.92 trillion, NVDA stock price is currently at $119. This company started as a graphics processing unit (GPU) manufacturer and became a cornerstone of the AI revolution. Their GPUs, renowned for parallel processing capabilities, are now indispensable in training complex machine learning models, and they can be used at casinos not on GamStop and other interesting platforms. Nvidia’s technology powers advanced simulations, high-performance computing clusters, and autonomous driving systems. The company’s strategic investments and continuous innovation in AI hardware and software have solidified its leadership, driving its remarkable market capitalization and stock growth.
Celsius Holdings
Celsius Holdings (CELH) has disrupted the energy drink market, focusing on “functional energy,” emphasizing thermogenic properties and healthy ingredients. The brand’s appeal to health-conscious consumers and PepsiCo’s distribution network have fueled its explosive growth. Celsius has effectively leveraged social media and influencer marketing to reach younger demographics. The company’s ability to adapt to changing consumer preferences has been crucial to its success. In the last decade, Celsius has witnessed a growth of 11,900%, with its stock price at $23 and a market capitalization of $5.4 billion. Celsius is doing great for investors.
Advanced Micro Devices
Advanced Micro Devices (AMD) is taking the third spot, which has witnessed an impressive growth of 3,866% in the last decade, with a market capitalization of $192 billion and a price of $118. It has emerged as a formidable competitor to Intel in the CPU market and Nvidia in the GPU market. Their Ryzen processors have gained significant market share in the PC and server segments, while their Radeon GPUs offer competitive performance for gaming and professional applications. AMD’s focus on chipset-based designs and advanced manufacturing processes has enabled them to deliver high-performance products at competitive prices, driving their strong financial performance.
Arista Networks
With a 10-year growth of 3,100%, Arista Networks (ANET) is up next with its market cap of $141 billion and a stock price of $112. It has carved out a niche in the data centre networking market by providing high-performance, scalable, and software-defined networking solutions. Their EOS (Extensible Operating System) software platform offers advanced automation and programmability, enabling organizations to build agile and efficient networks. Arista’s focus on open standards and interoperability has resonated with customers seeking alternatives to traditional networking vendors.
Texas Pacific Land Corp
Texas Pacific Land Corp (TPL), with a market capitalization of $31 billion, has benefited significantly from the resurgence of oil and gas production in the Permian Basin. Their unique business model, focused on land ownership and royalty generation, provides a stable and predictable revenue stream. Its stock price stands at a whopping $1,357 and has grown 3,300% over the last decade. The company’s strategic management of its land assets and water resources has further enhanced its profitability. TPL’s long-term outlook remains positive, driven by sustained energy demand and the continued development of the Permian Basin.
Fair Isaac Corporation
Fair Isaac Corporation (FICO) has experienced a growth of 2,161% over the last ten years; its stock price has surged to $1,809, with its market cap at $44 billion. This is because the company has become synonymous with credit scoring, but its business extends far beyond consumer credit. Companies across various industries use their predictive analytics and decision-management solutions, including financial services, insurance, and telecommunications. FICO’s ability to leverage vast datasets and advanced algorithms to develop accurate and reliable models has made it a trusted risk management and decision-making partner.
Conclusion
It is important to note that investing in stocks requires patience, and you’ll need a lot of it to build wealth as an investor in this type of market. Before investing, ensure you have done your due diligence with thorough research, as there’s a significant amount of risk attached to this sector. Good research can go a long way in ensuring successful wealth attainment for investors.
